Forex Daily Forecast, Analysis and Prediction

The GBP/AUD pair initially fell during the Friday session, but bounced off of the 1.5250 level in order to climb back above the 1.53 handle.

The GBP/CHF, not unlike the USD/CHF has been trading in a descending channel since July 22 when it reached the high for 2012 at 1.5479, a level not seen since February 2011.

The EUR/USD pair shot straight up like it was fired out of a cannon on Thursday. The pair was reacting to a few answers during the post meeting by European Central Bank Chairman Mario Draghi relating to a more upbeat than thought assessment of the economy.

The EUR/AUD pair is one that I don’t normally follow much. However, the session on Thursday was so pro-Euro; I started to look around the Forex markets at all of the EUR/XX pairs, and came across this one.

The AUD/USD pair is about to become my favorite pair I think. The 1.06 level just above is massive in its implications, and I think that this could be a serious move up. The pair is often used as proxy for China, and the Chinese let loose with very strong import/export numbers over the last 24 hours.

XAU/USD ended yesterday’s session higher, supported by strong Chinese trade balance data and weak demand for the U.S. dollar. The data out of China, the world's biggest gold consumers, showed the country’s trade surplus surged from $19.6 billion to $31.62 billion in December.

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

The EUR/USD pair fell during the session on Wednesday, but has hit an interesting area that is causing a bit of confusion for traders out there. For starters, we have an uptrend line that is now looking more and more supportive, and the action on Wednesday would have done nothing to dissuade traders from believing in the validity of this trend line.

The AUD/CHF had a bullish session on Wednesday, popping higher and piercing the 0.9750 level. This chart is one of my fair wants to follow, even though I don't traded very often. The reason being is that we have a classic "risk on, risk off" type of marketplace.

The AUD/USD pair had a back-and-forth session during the Wednesday trading hours, but what struck me the most about this pair is the fact that we are hanging tough just above the 1.05 level.

XAU/USD closed slightly lower than opening yesterday but found support at the 1652 level during the Asian session today.

The EUR/AUD has fallen some 440 pips since December 28 when it reached a high of 1.2806, not as high as the September 2012 high of 1.2823, but very close and the double top proved to be an excellent selling opportunity for anyone wise enough to sell the pair at that level.

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

Short the Yen as Bank of Japan says sayonara to deflation. Check out this free Forex signal based on the recent FXY movement from Keene on the Market.

The EUR/USD pair attempted to rally during the session on Tuesday, but found the 1.3150 level too resistive to overcome. This was once the site of a massive support, and as a result should continue to be massive resistance.