Forex Daily Forecast, Analysis and Prediction

If there has been any consistent trade out there lately, it's been to sell the Euro against just about anything else. It is in this thought process that I look at the EUR/GBP pair.

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

The GBP/USD took back roughly 267 pips from the USD last week, closing above the Weekly Pivot and 62 Day Moving Average. This is only the 2nd time since May 15 that price has closed on the positive side of the 62DMA in favor of the Sterling.

USD/CAD fell during the session on Monday again, pushing towards the parity level as the bearish momentum continues to impress.

GBP/USD fell during the session on Monday, but managed to bounce towards the end of the trading day in order to form a hammer. This is of no small significance considering the fact that the 1.57 level held as support.

EUR/USD fell during the session on Monday, after the ridiculous urge that we saw over the previous three trading sessions.

See where the EUR/USD is trending with this Forex signal using the Ichimoku method.

Last week was interesting for some of the major pairs, especially the EUR/USD. See what may be ahead for the pairs and make your trading plans accordingly!

The USD/JPY has been, like the EUR/USD, rather disconnected from the '6 Cousins' when viewed from a market correlation point of view.

NZD/USD is a pair that I have been talking about quite a bit lately. The bounce has been wicked, and I must admit that I was caught off guard completely by this sudden burst higher. However, now that it has happened, the analysis becomes a bit clearer at this point.

The GBP/NZD pair has been flirting with a serious demand level for some time now. On Friday, we saw the pair finally break through the area, as the 1.95 handle gave way.

EUR/USD rose quite a bit for the third day in a row on Friday, only to retreat in the end. There is open speculation that the ECB is about to get aggressive in the markets to help stabilize the European debt concerns, and this gave a bit of a relief rally for the Euro as a result.

The AUD/USD is Bullish again during Asian trading and is rapidly approaching both yesterday's high and the 90 day high for the pair at 1.0472.

USD/CAD fell hard during the Thursday session to coincide with the "risk on" rally that we saw throughout the financial markets. The pair of course will follow the oil markets, so it is worth noting that oil had a relatively benign rally for the session.

The price action over the last couple days has been fairly interesting, and it should be noted that what originally got me interested in this pair was the bearish flag that you see on the chart.