Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair initially gained during the session on Thursday, but as you can see on the chart once we met the 1.3050 level the sellers came in and took over again.

The CAD/JPY pair had a fairly quiet session on Thursday as lows the Yen-related pairs sat still. While the world assumes that the opposition will win the elections in Japan, it is also assumed that the public statements that have been made will carry over into the Bank of Japan.

The GBP/USD pair rose during the Thursday session after forming a nice-looking hammer for Wednesday. The hammer sits above the 1.60 handle, so I do find it a very interesting candle from which to base my analysis off of.

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Gloomy situation in Europe and optimism that the Democrats and Republicans can reach an agreement on the U.S. budget boosted the greenbacks safe-haven appeal.

The EUR/USD pair fell during most of the session on Wednesday, and even tripped a sell signal by breaking the bottom of the outside red candle from Tuesday. However, at the first sign of support the market turned back around showing just how resilient it truly is.

The USD/JPY pair is currently one of my favorite trades. I'm already long of this market, and am looking for reasons to become even more so. During the Wednesday session, I may have gotten that signal.

The AUD/NOK pair is a pretty exotic one. On one hand, they're both commodity currencies in this can cause a bit of a "grinder overall. You essentially have to think of it as gold versus oil when looking at price moves.

The GBP/JPY like the rest of the JPY offerings this week has been relatively flat, forming what might be considered a Bullish Pennant formation on the Daily chart and just aching for a breakout.

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

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XAU/USD continues to grind lower during the Asian session today. Yesterday the markets turned their attention back to the U.S. data after Eurozone finance ministers and the International Monetary Fund (IMF) reached a deal and paved the way for Greece to receive €44 billion.

The EUR/USD pair fell during the session on Tuesday, engulfing the previous session that had formed a hammer. In other words, significant support had been broken down, and I do believe that this pair is going to roll over at this point.

The CAD/CHF is a pair that many of you will have rarely paid attention to. However, in a "risk on, risk off" type of environment like we find ourselves then, this pair makes a lot of sense to trade.