Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair formed a shooting star on Monday as the pair could not really take advantage of a break above the 1.31 level. The pair has been absolutely parabolic recently, and it would make sense to see a pullback.

The AUD/USD pair fell on Monday, and closed below the 1.05 level. This is very interesting, as the "risk on" rally was in full effect last week. This of course was due to the Federal Reserve announcing seemingly unlimited quantitative easing.

The GBP/USD pair rose during the session on Monday, but pullback and the 1.6250 level in order to form a shooting star. This of course is a bearish signal, and could potentially signal a downfall to come.

The US Greenback has posted some gains against some of its counterparts since the markets opened on Sunday, showing strength against pairs such as the Kiwi, Loonie & of course, Gold (XAU/USD).

Check out this EUR/USD signal using the Fibonacci retracement and the support and resistance method. The Euro is trending upward. Make your moves fast.

The USD/JPY is a pair trapped by its own price action. 2012 has seen the pair trading for the most part, in roughly an 800 pip zone between the January 29 low at 76.016 and the March high of 84.170.

Start your week with the Forex forecast of the major pairs, make your moves carefully, and good luck!

The EUR/USD pair had another strong showing on Friday as the effects of the Federal Reserve’s QE3 announcement are still being felt in the currency markets as a whole. The Euro was one of the most heavily shorted currencies.

The NZD/USD pair attempted to rally during the session on Friday, but was surprisingly stalled by the sellers just 24 hours after quantitative easing by the Federal Reserve was announced.

The USD/JPY pair has been one of my favorite wants to watch recently. The last 40 hours in particular has been very interesting as we have seen a significant break of support, only to turn around and bounce back over it.

EUR/USD rose during the session on Thursday as the Federal Reserve announced an expansion of monetary easing via the Mortgage Back Securities market.

The USD/JPY pair fell during the session on Thursday is the Federal Reserve continued to expand its monetary easing policies. The larger than expected package rocked the markets and as such the US dollar got pummeled in afternoon trading.

The GBP/USD pair rose during the Thursday session as the Federal Reserve expanded its quantitative easing policy as well as extended it.

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

The GBP/USD market rose again during the Wednesday session as the 1.61 level was tested.