Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair fell during the session on Friday, breaking clean below the 0.9250 level, an area that I had been calling for to get below in order to continue to selloff.

The USD/CAD pair tried to rally during the session on Friday, but as you can see ran into trouble above the 1.05 handle. This move was turned back around and ended up forming a nasty looking shooting star at the top of the recent consolidation area.

The GBP/USD pair went higher during the session on Friday, stretching towards the 1.6250 level. This area is significant resistance, but at the end of the day. I need to see this pair break above the 1.63 handle on a daily close in order to buy-and-hold, as the market would go much higher.

The EUR/USD pair had a strong session on Friday, but as you can see still remains below the 1.36 handle. This is an area that I think is the top of the most recent trading range, and I also think that we could very well find ourselves trading in consolidation over the next couple of weeks.

The WTI Crude Oil markets spent the majority of Friday falling, but did get enough of a bounce from the $94 level in order to form a hammer. This is of course a bullish sign, and the market looks as if it wants to go higher as a result.

The XAU/USD pair has declined approximately 25% since January 1 as investors' appetite for the precious metal continued to decrease drastically.

Last week printed a bullish bar that closed right on its high, well above last week’s high. We are now close to the double top at 1.6250 that has acted as strong resistance over the previous couple of months.

Checkout the weekly signal for the AUD/CHF pair here.

Last week produced a bullish candle closing right on its high, and well above the previous week’s high. The action easily cut through the resistance levels from 100.42 to 100.84.

According to the analyses of the AUD/USD and USD/CAD pairs, trader profited on a binary options platform. See how here.

Check out what's in store for some of the major Forex pairs this week and plan accordingly.

The USD/CAD pair rose during the session on Thursday, as you can see, breaking above the 1.05 handle. This course is somewhat significant, as it is the top of the recent consolidation range, but I do believe that we need to break the top of the Thursday range in order to show significant pressure to the upside that is sustainable.

The NZD/USD pair fell during the session on Thursday, but as you can see found enough support just around the 0.82 handle in order to bounce and form a hammer like candle. As a reasonably looking supportive candle and as a result I think that this market will continue to consolidate between the 0.82 level, and the 0.84 level.

The USD/JPY pair shot straight up during the session on Thursday, breaking well above the 100.50 resistance level. The fact that we have formed a couple of hammers previously, and then broke higher suggests to me that this is an impulsive move in one that we should see continued strength in.

The EUR/USD pair fell initially during the session on Thursday, but as you can see bounced hard enough to challenge the 1.35 handle again.