Forex Daily Forecast, Analysis and Prediction

The shooting star of course means a weakness could be coming, but we do not have a market that is one that can be sold at the moment.

The GBP/USD pair rose during the session on Friday, smashing through the 1.5250 level, an area that had been expected to be significant resistance.

Check out the forecast for the week on some of the major Forex pairs here.

I recommended holding for unleveraged, the market touched 101 before bouncing back quite quickly in one of the strongest recent trends.

Trade Recommendation for long-term profit. See details here.

Trade Recommendation for long-term profit. See details here.

The XAU/USD pair fell for a fifth consecutive day as upbeat data on the U.S. economy boosted the Greenback’s safe-haven appeal.

For those with unleveraged positions I advised staying long nothing was likely to happen until a channel reformed before a trend appeared (which is now formed at the time of writing).

The CHF/JPY is trading in a daily ascending channel.

Trade Recommendation for long-term profit. See details here.

Trade Recommendation for long-term profit. See details here.

Trade Recommendation for long-term profit. See details here.

Short AUD/JPY between 0.8867 and 0.8903 if the price reaches this level before Midnight GMT tonight.

Short AUD/USD between 0.9043 and 0.9077 if the price reaches this level before Midnight GMT tonight.

The XAU/USD pair closed lower than opening after a highly volatile trading session yesterday.