Forex Daily Forecast, Analysis and Prediction

Start your week with the EUR/USD 1 Hour signal using Resistance, Support Levels and Pivot Points and find your target now!

The US stock markets closed last week with a strong finish on the background of improving employment statuses, as the US economy created 227K new jobs during the past month.

Take a look at where the major currencies like EUR/USD and USD/JPY should be heading this week, and plan your weekly Forex trading smartly.

The Friday session saw a drop in value of the Euro from the start of the session. The Greeks were officially said to be in default finally by the CDS markets. The country will now have to figure out to go back to the markets.

The USD/JPY pair was one that most of us were ready to give up on. The pair was being manipulated and acted in a very stagnant manner for what seemed like an eternity.

The pair currently sits just below the 0.84 level, and formed a hammer after the Friday action. This suggests that we are starting to see a bit of pressure building in this pair to the upside.

The EUR/USD had a bumpy week last week and although it climbed as high as 1.3290, it managed to close the week lower than it opened at 1.3120 after falling as low as 1.3095. All of this adds up to a weekly inverted hammer formation, which followed the prior week's bearish engulfing candle.

Being Non-Farm Payroll Friday, it is going to always be a difficult trading session, but there are still things to take note of.

USD/CAD has been a choppy pair to trade lately. Most of the traders that I know who are enjoying it at the moment are short-term traders, or even scalpers by mature.

While this pair isn’t one that a lot of traders pay attention to sometimes, it involves two major currencies.

Gold vs The Greenback (or XAU/USD) has again turned Bullish after falling almost 13,000 Pips since hitting a 3 month high on February 29 at 1790.50.

See how one trader used today's technical analysis to profit using a binary options platform.

Many analysts and experts estimated at the beginning of the week that US indices have started the aggressive correction that everyone was waiting for. See what's in store for the EUR/USD and whether it will rise or fall.

The EUR/USD pair has been very bearish over the last several sessions, and Thursday many be a catalyst for yet another move. The Greeks will announce the participation rate in their haircut process for their debt, and this could possibly move the markets in a violent way.

The AUD/USD pair fell a bit during the session on Wednesday as the “risk off” trade continued. The pair has been overly bullish for the longer-term, and this latest action was certainly countertrend.