Forex Daily Forecast, Analysis and Prediction

The Swissy aka USD/CHF has rejected the 9000 area, at least for now. The pair reached a low on Friday of 0.90215, and printed a daily pin bar in the process.

Gold prices declined yesterday as the adrenalin rush of the Federal Open Market Committee meeting wore off. Yesterday, data from the world's largest economy were mixed. The Chicago purchasing managers index came in stronger than expected with a print of 55.6 and Personal Income rose 2.6%.

The EUR/USD pair fell initially during the Thursday trading hours, but as you can see by the daily chart we had experienced a bit of a rally later in the day. The resulting hammer suggests exactly what I've been thinking for some time now: that the 1.35 level will in the being massive support going forward.

USD/CAD had a very negative session on Thursday as you can see on the daily chart, break in the bottom of the Wednesday shooting star that sent just on top of the parity support level.

The GBP/USD pair had a strong showing on Thursday for the third day in a row. Considering how be of this pair had been recently, it is interesting to see that we are seeing quite a bit of a fight at this area.

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

The XAU/USD pair produced a bullish candle after it pulled itself out of the bears' grip. Poor U.S. GDP numbers and expectations that the Federal Reserve will remain hyper active helped gold prices to rise sharply.

The EUR/USD pair had an extraordinarily strong showing on Wednesday, as we finally broke above the 1.350 level. This area has been of particular interest to me, and just about everybody else in the Forex world, as it represents the neckline of a massive inverted head and shoulders.

The AUD/USD pair had a very negative day on Wednesday, but remains above the 1.04 level that showed so much support recently. The hammer from Monday still represents in my opinion a significant amount of support in this market, and as a result I'm not quite ready to start selling it.

The USD/JPY pair had a positive session on Wednesday, but gave back much of the gains as we found the 91 handle to be just a bit too rich for the buyers. However, what is more telling is the fact that the candle is shooting star shaped.

The EUR/CAD has bumped up against 1.3650, which was the the lows of May 2011, and a level not seen even once in 2012.

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

The XAU/USD pair paused its four-day decline as prices rebounded from 1652 to test the 1666 resistance level. The last few sessions saw bearish pressure due to fact that the bulls failed to penetrate a strong resistance at 1695.

The GBP/CHF printed a daily Pin Bar on the very solid support level of 1.4500 in yesterday's trading. The level was the key level from October 2011 through April of 2012 when it finally managed to break away from the zone's gravitational pull and began its ascent to the 2012 high of 1.5479.

The EUR/USD pair initially fell during the session on Tuesday, but found support at the 1.3400 level in order to bounce back and attempt to breakout and above the 1.3500 handle. A break of this area would indeed be very significant, and have me buying this market hand over fist.