Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair fell during the session again on Thursday as the weakness in the Euro continues. It has become obvious that the 1.30 is the beginning of serious resistance, and in my opinion runs all the way to the 1.35 level.

The NZD/USD pair shot straight up during the Thursday session as the "risk on" attitude came back into the global marketplace. We managed to break above the 0.8225 level, which we had as a minor resistance, and now looks set to try and reach the top of the overall consolidation at the 0.8350 level.

The GBP/USD pair initially rose during the session on Thursday, as we accelerated the uptrend to reach above the 1.6150 level. However, by the end of the session we saw a significant pullback and a loss of the gains in a very short order.

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

The EUR/USD pair rose during the session on Wednesday in order to break above the 1.30 level again. But there's more to know before you trade...

We saw quite a significant bounce in the pair from the 0.9950 level, which is where the 200 day exponential moving average currently resides. See more here.

The AUD/USD pair rallied during most of the session on Wednesday, but found quite a bit of resistance at the 1.04 level. Get the full picture here.

The EUR/CAD has printed a double top on the Daily Chart at a key resistance level of 1.3000. DailyForex.com has the full analysis.

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

Check out this signal for the FXA fund to see if you can find a position in the market. Only at DailyForex.com

The EUR/USD pair continued to gain during the Tuesday session, even as the Americans weren't necessarily providing much liquidity. The fact is that this pair continues to climb this minor trend line, and as such we are approaching the 1.30 level yet again.

The USD/CAD pair fell during the session on Tuesday as the parity level came back into play. However, it should be suggested that the 0.99 level is actually the beginning of the resistance area, and we have essentially punched through during the Tuesday session.

The USD/SGD pair fell during the Tuesday trading session as the downtrend continued. While many of you probably don't trade the Singapore dollar, you should be aware the fact that Singapore is a major financial hub of Asia, and therefore represents investment in the region. By extension, the Singapore dollar does as well.

While tropical storm Sandy continues to blast the eastern seaboard in the USA and has shut down the markets for at least one more day the Asian and European markets march on. Get the analysis for EUR/JPY here.

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