Forex Daily Forecast, Analysis and Prediction

Check out this Forex signal for the EUR/SEK pair and learn the recommendation here.

Yesterday's low trading activity gave me a chance to get caught up on my charts, and I caught an important pattern on the EUR/CAD that I missed on Sunday.

For the greater part of 2012, the Swiss National Bank (SNB) ensured that the Swiss Franc was never strengthened beyond its acceptable exchange rate of 1.20 against the Euro.

Begin your week with a Forex signal for the XAU/USD pair. Learn the stop-loss for gold here.

Unsure of what to do with your trades this coming week? Check out the weekly Forex forecast of some of the major pairs and learn whether our expert trader recommends to buy or sell.

Gold settled at $1608.78 an ounce on Friday, its lowest settlement since August 17. Breaking below the January 4 low of 1625.64 triggered a sell-off which gained momentum after the latest reports released from the Unite States provided further evidence that the world's biggest economy is continuing to recover.

The EUR/USD pair had a fairly quiet session on Friday as the markets in general went back and forth. It seems that most traders simply were not interested in taking a lot of risk in the marketplace going into the weekend, as is often the case on a Friday.

The USD/CAD pair had a strong showing on Friday, attempting to break through the 1.01 level. However, as it has done several times recently it failed. The one thing that does give me caution about shorting this pair is the fact that the lows are getting higher recently, and it does seem like a relentless attempt to breakout.

The NZD/USD pair fell rather harshly during the Friday session as the 0.85 level offered far too much resistance. New Zealand retail sales came out and push the pair above the 0.85 handle during the late date Thursday, but as you can see by the time we close the session on Friday we had close below the 0.8450 level.

The AUD/USD is trying very hard to give up the support level at 1.0225 established last week. If we look at the weekly chart we see that the upper descending trend line is holding true to form, while the downside still has some bearish potential to at least 1.0149, the low from October 14, 2012 as well as the intersecting point for the rising trend line and the Monthly S3.

Before the weekend begins, check out this Forex signal for the EUR/USD pair from the trading experts.

The WTI Crude markets did very little during the session on Thursday intensively stained below the $98.00 level that has been so resistive. I look at this area as the gateway to the $100.00 level, and getting above there would be very bullish sign.

The EUR/USD pair fell rather significantly during the Thursday session, as foretold by the shooting star on Wednesday. However, I have to admit that I did not take this trade as I didn't see much room for the markets to move.

The NZD/USD pair rose during the session on Thursday, as the retail sales number out of New Zealand came out 1.6% better than expected. This of course is very bullish for the domestic economy, and as a result we finally managed to break through the 0.85 handle that has been so resistive lately.

The GBP/USD pair fell during the Thursday session yet again, and managed to get below the 1.55 handle. This pair simply seems like he cannot get out of its own way, and this has been especially true since we broke through the bottom of the hammer on Tuesday.