Forex Daily Forecast, Analysis and Prediction

Strong opening for the second quarter in the US stock markets yesterday, as indices rose 1%, NASDAQ created a break-up pattern and S&P has already crossed above the annual picks.

Start the week right with this free Forex EUR/USD signal from one of our expert traders.

The EUR/USD pair recently broke out of a resistance area that had been very difficult on the bulls. However, the pair hasn’t exactly caught on fire since then. The 1.3250 to 1.33 level was the resistance area that was so frustrating to the bulls, and now it looks as if it is going to be supportive.

USD/JPY has been one of my favorite pairs to trade lately. While the rest of the world has been sweating every micro movement in the EUR/USD pair, this one has been quite robust and certainly has had a trend. The USD/JPY simply put, has been on fire overall.

The AUD/USD pair has been falling over the last several weeks and with alarming steadiness for those of us that have been bullish. The pair has a natural tendency to mimic the overall “risk appetite” around the world, and is the first pair that many traders turn to in order to express either a bullish or bearish view on the global economic outlook.

The Japanese Yen gained against the USA's Greenback today, and just about every other major currency across the board. The USD/JPY, EUR/JPY, GBP/JPY, CAD/JPY & CHF/JPY all showed similar chart patterns on the daily time frame with the EUR/JPY and USD/JPY charts showing the strongest bearish candles.

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Where are the GBP/USD and EUR/USD headed today? This analysis by DailyForex.com explains it all!

Take a look at where the major currencies like EUR/USD and AUD/USD should be heading this week, and plan your weekly Forex trading smartly.

The EUR/USD has recent broke above the 1.3250 to 1.33 resistance level that kept the pair down most of the year, with the exception of a few short sessions in February. The pair is of course the center of the Forex world, as it is the most traded financial instrument on the planet.

The NZD/USD pair has gone sideways for most of 2012. The pair is often sensitive to economic factors such growth in emerging markets, stock indices, and commodity prices. The pair is one of the favorites of traders when it comes to playing economic growth.

The AUD/USD pair has had a rough way to go recently, with the pair falling from the 1.08 level to the 1.0350 area in roughly the last month. The pair is of course a highly risk-sensitive currency pair, and is often used as a proxy to trade the Chinese economy.

Hope this free Forex signal helps you trade EUR/USD before the weekend. Good luck!

The EUR/USD pair has been very positive lately, and the biggest contributor seems to be the idea that we have bailed out the Greeks again, and all is well in the world. However, there are other things that we need to be paying attention to as well.

USD/CAD has been one of the more reliable range bound currency pairs lately. The pair has essentially hovered just below the parity level, and with consistency has failed to break out every time it has risen above that level for much of 2012.