Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair has been very bullish as of late, and not for the usual reasons. In fact, the Aussie has been not only a play on growth and inflation, but also as a yield and safety play.

USD/JPY has recently changed its tune, and the markets have been furiously back peddling in order to adjust to the new realities of the market. The recent break of 80 was very impressive, and vital to the future tone of the pair.

The EUR/USD fell 171 pips on the last day of trading in February, fitting for a leap year in that it was like the bears leapt off a cliff that was the high for the past several days at 1.3478.

The negative correlation between the American dollar and the stock markets helped the USD to strengthen against the major currencies.

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Check out this EUR/USD signal as soon possible to find your entry and exit into the market for this popular Forex pair.

The EUR/USD has been in a generally positive mood over the last several sessions, and the announcement of the LTRO results today could be the defining moment for the next move in either direction.

AUD/USD has recently found resistance at the 1.08 handle. While this isn’t a surprise, (The level was resistive last time we approached it) the recent action looks very much like a bullish flag.

The USD/JPY pair has been on fire for the bulls lately. While there has long been a call for a reversal, it looks like for the first time we may actually be seeing the start of one.

The GBP/USD has broken above 1.5935, a level not seen since November 15, 2011 and the high from February 08, 2012 which was 1.5929. This apparently comes on the heels of the surprising CBI realized sales numbers which rose to -2 points.

See the mid week summary of your favorite major pairs, get updates and see where they may lead the rest of the week.

EUR/USD free Forex signal brought to you by DailyForex.com for February 29, 2012. Using Elliot Waves and Fibonacci Trading, this trader gives you the details on where this pair is heading!

The AUD/USD produced a nice bullish engulfing candle off of daily support at 1.0690 yesterday, but it is not enough to break out of the range that the pair has been trapped in for the past month.

The experts at ForexRoyals bring you a free Forex signal on the EUR/JPY. See where this pair is headed using the Resistance, Support Levels and Pivot Point methods.