Forex Daily Forecast, Analysis and Prediction

The GBP/JPY, like most of the major JPY pairs, pushed higher yesterday showing the Japanese Yen's weakness against all of the 'majors' and most of the 'minors' as well.

The ETF FXE seeks to track or reflect the price of the Euro, net of trust expenses. The strength of the Euro reflects the desire of foreign consumers and investors to hold Euros or to buy European products.

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

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It appears obvious that the 1.28 level looks to be supportive, s0 consolidation is probably coming in the immediate future. Get the full analysis here.

The pair continued to fall on Friday and to consolidate further - find out what this means here.

The USD/CHF pair rose during the Friday session, but it should be remembered that the pair fell rather precipitously earlier in the week.

See how an analyst at the DailyForex trading desk expects some major currencies to move in the coming week.

The Singapore Dollar has been gaining on the US Greenback for some time now, hitting an all time high against the Greenback in July of 1.1987.

The EUR/USD pair fell during the session on Thursday as the area just above is resistive. However, the buyers have been out in full force as you can see from the trend line on the chart.

The GBP/USD pair fell heavily during the session on Thursday, after printing a shooting star on Wednesday. This suggests further weakness in this currency pair, which is a bit surprising considering how strong it had been recently.

The USD/CAD currency pair had a strong showing on Thursday as the market continues to hover around the 0.98 handle. This area has been fairly congestive lately, and as such I think we will continue to bounce around within the immediate vicinity.

The NZD/USD tested the top of the descending channel it has been trading in since mid September in yesterday's trading, but rejected (at least so far) anything above 0.8230 making a daily high of 0.82297.

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

The EUR/USD pair had quiet session on the Wednesday trading day as the 1.3125 area continues offer resistance. This of course was after an extensive rally during the Tuesday session, so a bit of a rest at resistance would have been a huge surprise.