Forex Daily Forecast, Analysis and Prediction

This EUR/USD Forex signal is based on Ichimoku Kinko Hyo - check it out now!

Check out this EUR/USD signal based on support and resistance theory, and find your profits in the Forex market.

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

The USD/CAD like most pairs tied to either the USD or the EURO took a hit today while investors return to the Greenback as the currency to keep. This has resulted in the USD climbing against almost every currency, and the Yankee's northern brethren felt the heat on the Loonie aka CAD.

Looking at this pair lately, it has been a strong case for a global slowdown. True, the two economies are very interconnected, but the reality is that the Canadians need a much stronger economy than the Americans do, in the sense that the Canadians produce so many commodities.

The Kiwi dollar has been a bit of a battlefield for traders that want to express the fear out there. The pair is less liquid than a lot of the majors, and as a result can move quickly on headlines, and we have more than enough headlines lately.

The EUR/USD continued to be the hotbed of problems in the Forex markets on Monday as the original gaps around the FX markets got reversed, and this market certainly wasn’t any different. It appears that the short covering rally was just that, and as traders looked at the deal for the Spanish banks they liked the “solution” less and less.

Don't start your trading week without this weekly Forex forecast of the major pairs! See where they are headed!

The AUD/USD pair has had a nice bounce as of late, and as such I have been waiting for a chance to sell it. With the price action on Thursday, I thought that I had a nice signal. However, the Friday action was a reversal candle in the form of a hammer, and this will have the bears a bit concerned, myself included.

EUR/USD continued to be the focus of the Forex trading world on Friday as rumors of a Spanish banking bailout hit the trading floors around the world. As the “hopium” spread, it became apparent that the stomach by the bears to hold over the weekend was very limited, and as a result a short covering rally took hold in the afternoon hours of US trading.

EUR/GBP has been fairly quiet over the last week or so. This pair is a “grinder”, and one of my favorite pairs to have new traders try and learn on. This is mainly because it moves so slowly most of the time.

See how this trader profited from Colin Jessup's GBP/USD technical analysis on DailyForex.com

The GBP/USD started gaining strength on April 30th after hitting a high not seen since September 2011 but was not able to make a new low for the same time period, only trading as low as 1.5267 on June 01, 2012.

The AUD/USD pair has been sold off relentlessly over the last couple of months, as it is a risk sensitive pair. The falling of risk appetite has been especially tough on this pair, and the fall has been impressive.

The USD/CAD pair is one of my favorites at the moment. This is simply because the oil markets are falling apart, and this gives me a clean way to play that market without all of the heavy margin associated with the futures contract.