Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair fell during the session on Tuesday, and even managed to break below the 1.27 handle. Because of this, it does look like we are certain see significant weakness in this market.

The CAD/JPY pair fell during the session on Tuesday in order to retest the 79 handle for support. This level was marked by a hammer on Friday, as well as many other times where the market has fallen yet found significant support.

The USD/JPY pair continues to do very little during the session on Tuesday, as the 79 handle offers significant support. This market has been manipulated for some time now, but this doesn't mean that we can't as small time retail traders take advantage of what the larger forces in the markets are doing.

The GBP/JPY began trading in a channel on June 1 of this year where it established a higher low than the previously established yearly low set back in January of this year.

According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.

Last week Gold (XAU/USD) printed a perfect bullish engulfing candle that opened on the Weekly support level at roughly 1680 and climbed almost 700 pips before closing for the week.

The EUR/USD pair fell during the session on Monday in an otherwise quiet environment. However, I can see that we are sitting on the 1.27 level, an area that has caught my attention. Because of this, I am looking to short this pair if we get below 1.27 on a four hour candle.

The AUD/USD pair had a bullish session on Monday as the 1.04 handle was overcome again. Unlike the last several sessions, we not only close above 1.04, but we also managed close towards the top of the daily range.

The USD/JPY pair formed a hammer during the Friday session, and that is where investors and traders found themselves when we open on Monday. At the end of the Monday session, we saw a slightly positive candle, but nothing really to write home about.

According to the analysis of the EUR/USD and USD/JPY trader profited on a binary options platform.

The EUR/USD pair had another negative session on Friday as the risk appetite around the world continues to fall. Now that we've broken below the 1.28 level, I am more bearish of this pair than ever.

The GBP/USD fell rapidly during the Friday session after trying to break through the 1.60 level. With that being said, it appears that the former support area is starting give way, and we have made a lower low by the end of the session which suggests much lower prices coming.

The USD/JPY pair fell for the session on Friday as the “risk off” trade came into play. The markets aren’t free though, and as a result this is a market that needs to be played by very specific rules.

The GBP/USD, also known as the Sterling or Cable, finally broke a technical and psychological support level of 1.5900 on Friday. 1.5900 is seen by some as a key level for the pair but doesn't mean the bears have won the war just yet, only just on battle.

Check out today's recommendation for the NZD/JPY pair with this Forex signal using the Ichimoku Technical Analysis method. Good Luck.