Forex Daily Forecast, Analysis and Prediction

See where the EUR/USD pair is headed with this free Forex signal.

USD/JPY is one of the most interesting Forex pairs to me right now. This is simply because we have a central bank, the Bank of Japan that is very active in this pair, and perhaps already intervening.

AUD/USD fell during much of the session as the "risk off" trade came back into play during the Wednesday session. However, by the end of the trading day we saw the Australian dollar bounce in order to form a hammer at the vicinity of 1.05 as a very positive sign.

The EUR/USD pair fell during the session on Wednesday as the shooting star on Tuesday got triggered to the downside. The pair is currently drifting higher in what is known as a rising wedge formation, and this of course is rather bearish.

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Yesterday the EUR/CAD pair made another attempt of breaking back above 1.2250 but was once again unsuccessful.

GBP/USD rose during the session on Tuesday, but just like Monday - it failed to hold above the 1.57 level and formed a shooting star. This is to shooting stars in a row, and under normal circumstances I would find this extremely bearish.

The USD/CAD pair had a relatively quiet day on Tuesday, as the markets simply have very little in the form of headlines to move on. Most of you will know that the Canadian dollar tends to follow the price of oil, and more specifically the light sweet crude markets.

EUR/USD had a bit of a rally during the Tuesday session, but as you can see on the charts, it failed yet again. The failure to clear the 1.2350 level will of course catch the only of many players in the market as it is a level that has both been supportive and resistive over the recent past.

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

Last week, the AUD/NZD closed with a 180 pip Bullish Engulfing candle off of the Weekly Support zone at 1.2900 suggesting prices would remain bullish.

The Australian dollar had a negative session on Monday as traders sold off risk appetite for the session. However, this market has a substantial amount of support at the 1.05 level, and it did in fact hold.

The GBP/USD pair attempted to rally through the 1.57 level on Monday, but got swatted back down in order to form a shooting star.

EUR/USD continued that the upward pressure as the 1.2350 level was broken during the session. However Monday also saw half of the gains evaporate by the time the Americans went home.

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