Forex Daily Forecast, Analysis and Prediction

Starting out with the daily chart for this pair it is clear that we have broken out of the descending trend line we were under and price has already broken through the 233 ema and is poking through the 144 ema.

The AUD/USD or 'Pacific Peso' as it is known to some, is approaching a critical resistance level.

Based on Doug’s analysis of the EUR/USD, The EUR continues to remain bullish which creates an investment opportunity in the following positions: “High” or “Above”, “Touch” or “No Touch Down” on the EUR/USD

This pair keeps heading upward. It has blown through each fib level along the way and is now on the way to the 61.8 fib level. On the daily chart price is riding up the 5 ema and the stochastic is in the overbought zone but remains there which is a bullish sign.

The Swissy continues to fall. On the weekly chart price is now riding the 5 ema down and the lower Bollinger band is open and pointing down. Price is approaching the 55 and 144 ema's around 0.8700 but it could take another day or so to get there, but when we do get there, I expect some type of reaction.

I will begin my analysis today on this pair starting with the daily chart. As we have been observing this pair has been retracing to the upside for the last few weeks and has nearly reached the 61.8 fib level which just happens to overlap with the daily 233 and 144 ema's.

Starting with the daily chart for this pair we seem to be in a range. We are up against the descending trend line and price seems to be slowly rolling over.

Beginning my analysis for this pair I start off today with the daily chart. Price has found its way back inside the trap it was in previously and price seems to be drifting down.

Just about any pair connected to the CAD saw some big movement yesterday. Thanks to a sheepish rate statement from the Bank of Canada the Loonie fell relative to the Greenback.

Free GBP/USD Forex signal based upon Elliott Wave principles - find your entry and stop loss now!

Get a free Forex signal for EUR/USD based upon Elliott Wave principles.

See how one trader profited by using today's technical analysis on a binary options platform - and learn how you can profit too!

This pair has been looking tricky to me. I am watching this pair very closely. On the daily chart we keep rising, however, we are re-approaching the price channel we recently broke out of which also coincides with a 61.8 fib zone.

This pair has been in a range as of lately and has been sitting on strong support. Starting out looking at the daily chart for this pair I see price has been riding along the daily 13 and 21 ema's overlapped with each other.

The Swissy continues its drop from the near 50.0 fib level it made a couple weeks ago. On the daily chart the 5 ema has crossed below the 233 ema and the lower Bollinger band is open and pointing downward.