Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair had a positive session on Monday, but gave back a little bit of the gains late in the day. We are currently at the top of what I think is going to be consolidation between the 1.3150 and 1.28 levels.

What does Gold have to do with the upcoming U.S. elections, and what does it mean for your trading once America has a new president? Check out this analysis on the XAU/USD pair here.

The USD/CAD currency pair fell during the Monday session as the buffer above the 0.9950 level held as resistance. The area extends all the way to the parity level as far as I can tell, and as such this will be a very significant area to over, if the buyers are to take over.

EUR/JPY had a strong day on Monday as the bulls took over in almost all “risk related assets.” Perhaps even more importantly, it cross the 104 handle, an area that I have been wanting for quite some time.

The GBP/JPY, like most of the major JPY pairs, pushed higher yesterday showing the Japanese Yen's weakness against all of the 'majors' and most of the 'minors' as well.

The ETF FXE seeks to track or reflect the price of the Euro, net of trust expenses. The strength of the Euro reflects the desire of foreign consumers and investors to hold Euros or to buy European products.

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

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It appears obvious that the 1.28 level looks to be supportive, s0 consolidation is probably coming in the immediate future. Get the full analysis here.

The pair continued to fall on Friday and to consolidate further - find out what this means here.

The USD/CHF pair rose during the Friday session, but it should be remembered that the pair fell rather precipitously earlier in the week.

See how an analyst at the DailyForex trading desk expects some major currencies to move in the coming week.

The Singapore Dollar has been gaining on the US Greenback for some time now, hitting an all time high against the Greenback in July of 1.1987.

The EUR/USD pair fell during the session on Thursday as the area just above is resistive. However, the buyers have been out in full force as you can see from the trend line on the chart.

The GBP/USD pair fell heavily during the session on Thursday, after printing a shooting star on Wednesday. This suggests further weakness in this currency pair, which is a bit surprising considering how strong it had been recently.