Forex Daily Forecast, Analysis and Prediction

The USD/CHF pair rose during the Friday session, but it should be remembered that the pair fell rather precipitously earlier in the week.

See how an analyst at the DailyForex trading desk expects some major currencies to move in the coming week.

The Singapore Dollar has been gaining on the US Greenback for some time now, hitting an all time high against the Greenback in July of 1.1987.

The EUR/USD pair fell during the session on Thursday as the area just above is resistive. However, the buyers have been out in full force as you can see from the trend line on the chart.

The GBP/USD pair fell heavily during the session on Thursday, after printing a shooting star on Wednesday. This suggests further weakness in this currency pair, which is a bit surprising considering how strong it had been recently.

The USD/CAD currency pair had a strong showing on Thursday as the market continues to hover around the 0.98 handle. This area has been fairly congestive lately, and as such I think we will continue to bounce around within the immediate vicinity.

The NZD/USD tested the top of the descending channel it has been trading in since mid September in yesterday's trading, but rejected (at least so far) anything above 0.8230 making a daily high of 0.82297.

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

The EUR/USD pair had quiet session on the Wednesday trading day as the 1.3125 area continues offer resistance. This of course was after an extensive rally during the Tuesday session, so a bit of a rest at resistance would have been a huge surprise.

The USD/CAD pair had a very bearish session on Wednesday as the 0.98 handle has been overcome by the sellers yet again. Ultimately, I see the 0.98 handle as the equilibrium for this market. The trend is most decidedly down, so I prefer to sell given half a chance.

The NZD/USD rose during the session on Wednesday as the hammer from Tuesday got triggered as a buy signal. This pair of course follows the overall “risk appetite” of investors, and as all things “risky” got a bid on the session, this pair did well.

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

See how the Oil/USD pair is doing with this Forex signal and get the recommendation using the Ichimoku method.

The Canadian Loonie lost some ground against the US Greenback yesterday, climbing some 76 pips to 0.9878 and kissing the 62 Day Moving Average at the same area. The pair has been in a solid downtrend since hitting an 11 month high in June of 1.0446 and a low on September 26 of 0.9683.

The EUR/USD pair rallied during the session on Tuesday, as the "risk on rally continued. There were murmurs of a possible breakthrough in the idea of the Spanish finally asking for a bailout, and if that's the case this should do quite a bit of good for the European Union in general.