Forex Daily Forecast, Analysis and Prediction

I begin my analysis for GBP/USD pair with the daily timeframe which in just a bit of a range.

I begin EUR/JPY pair with the daily chart. Price has broken a trend line a couple days ago and price is just below the 5 ema.

For EUR/USD today I will begin with the daily timeframe. Yesterday it just pierced the 61.8 fib to the upside, however, it is still below the 5 ema which is forcing it down.

The GBP/USD is a mixed bag for me. On the daily timeframe price has been falling all week and has stayed below the ema's.

EUR/GBP pair finally made its break to the downside yesterday. As I said in my analysis yesterday, I love it when price is against a trend line.

I will start my analysis for EUR/JPY pair with the weekly timeframe. I do not think this pair is done dropping just yet.

I will begin EUR/USD pair today with the weekly chart. Yesterday this pair broke the price channel it had been confined in and what a sweet break it was.

Price has broken above the 38.2 fib and for sure will head up to the next level, the 50.0 level at .9398, which it almost reached a few weeks ago.

I will start off with the daily timeframe for this pair. It starts its day below the 21 ema with the 5 ema beginning to cross the 13 ema with a stochastics pointing down.

As I am sure most of you are already aware, the EUR/USD pair dropped like a stone through our weekly support level today.

See how one trader profited based on today's technical analysis, and how you can too.

Due to a high volatility in the markets, especially in the EUR/USD, volatility sensitive instruments such as: “Touch”, “Touch Down” and “Out” are suitable for trading.

The EUR/USD has plunged during the Wednesday session as fears of Italian debt problems continue to take the focus of the markets.

I will begin my analysis for the EUR/JPY starting out with the daily time frame and it is very obvious that this pair has been making a series of higher highs and higher lows and is on the move up.

Beginning my analysis for this pair I will begin with the daily time frame and I can see that yesterday's price did poke through the 61.8 fib level for this pair and price is still riding along the 5 ema with the upper Bollinger open and beginning to point up.