Forex Daily Forecast, Analysis and Prediction

EUR/USD had a fairly eventful session on Tuesday, as it originally fell only to turn around and pop much higher. While we haven't made a new high yet, it does show a certain amount of resilience of the 1.25 level.

EUR/GBP had a positive session on Tuesday as the Euro continues to show gains. This is an interesting turn of events for me personally, as I have noticed that the British pound seems to be picking up steam again.

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

In spite of lower than expected numbers from the Canadian housing markets and retail sales last week, the Loonie appears to be continuing to strengthen after breaking through .9900 and pulling back to the Monthly S1 at 0.9941.

The EUR/USD pair had a slightly will week session during the day on Monday, as the initial rallies faded and failed to rise above the 1.25 level substantially. The real candle to pay attention to on this chart would be the shooting star from Thursday.

The GBP/USD pair had a relatively disheartening session on Monday for the buyers. We initially trying to break higher, but that surge was beat back as the sellers forced prices below the 1.58 handle.

The AUD/USD pair fell during the session on Monday in order to continue the weak action that we started to see last week. This pair is a great barometer of all things Asian economically, and this market suddenly is saying things aren’t as chipper as they once were.

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

Things have been up and down for the pairs throughout the summer. See what this week will bring with this Forex forecast of the majors.

The EUR/USD pair fell during the Friday session as the markets softened before the weekend. The action was bearish but did in fact find a bit of support at the 1.25 level.

The GBP/NZD pair attempted to break through the 1.95 level on the Friday, but was repelled by the sellers in order to form a shooting star.

The AUD/USD pair has been in a nice uptrend since the beginning of June. However, we saw a breakdown on Friday below the uptrend line that has been propelling this pair much higher.

GBP/USD has been very bullish of the last several sessions, and during the Thursday trading day even managed to approach the 1.59 level. The pair had been recently consolidating in an ascending triangle, and as such I have been waiting for what seems like forever to buy this pair.

AUD/USD fell during the Thursday session as the poor Chinese economic numbers that have been coming out recently wait upon the commodity currencies. There is serious concern that the slowdown in China is accelerating, and this will put a serious dent into the commodity markets which Australia is so reliant upon for its export market.

EUR/USD had another bullish session on Thursday as the short covering rally continues. The market has been rather impressive over the last several sessions, mainly based upon expectations of some type of Euro related bailout of Spanish banks.