Forex Daily Forecast, Analysis and Prediction

The USD/CAD, known as the Loonie to us Canucks is back at parity with its southern cousin the American Greenback. Price crossed the 1.00 threshold yesterday and has been trading slightly higher during Asian trading today.

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

The Euro is continuing to have its ups and downs, and the following signal will explain just that. Make your moves based on the Elliot Waves and Fibonacci methods.

Check out the recommendation for the EUR/AUD pair and make your moves before time runs out! Good luck.

Start your trading week with a Forex signal on the EUR/CAD pair. Where is this pair headed and what is the recommendation? Fadi has all the answers here.

The EUR/USD pair fell on Friday as the markets were basically in a “risk off” mode. The Euro continues to represent a region that has a plethora of problems, and as a result there is always a bit of a “dark cloud” hanging over the currency.

The USD/JPY pair fell precipitously on Friday in order to confirm the 80 handle as massive resistance. The area has been a cap on the price of this currency pair for some time now, and as a result we have seen the sellers come in and step up the pressure every time the buyers have had a chance to break out.

The USD/SGD pair probably isn’t a pair that most of you pay too much attention to, and this is a real shame truth be told. The pair has a habit of trending nicely, and has a reasonable spread.

Last week the EUR/USD fell as low as 1.2882 before finding support at this level and testing the lower edge of an ascending channel the pair has been trading along since July.

As one month ends and another begins, this weekly Forex analysis can help you make the right moves and proceed with the proper caution when trading these major pairs throughout this week.

The EUR/USD pair fell during the session on Thursday as we initially tried to rally above the 1.30 level again. The fall after reaching that area formed a shooting star, which of course is always a bearish sign.

The USD/CAD pair continued to bounce around in a very tight range during the Thursday session as the markets that we have no idea where wants to go. Looking at this chart, it is easy to see why a lot of my trading friends have been chewed up over the last couple sessions.

The GBP/USD pair rose drastically during the session on Thursday as the support at the 1.60 level continues to give the buyers confidence. At this point in time, it appears that the 1.62 level will be the next hurdle to overcome follow shortly behind by the 1.63 level.

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Check out this free Forex signal for EUR/JPY from the experts at DailyForex.com.