Forex Daily Forecast, Analysis and Prediction

Get the AUD/USD Forex signal for April 7, 2015 here.

Get the USD/JPY Forex signal for April 7, 2015 here.

Get the GBP/USD Forex signal for April 7, 2015 here.

Get the EUR/USD Forex signal for April 7, 2015 here.

The EUR/USD pair tried to rally during the course of the day on Monday, but failed just above the 1.10 level yet again.

The USD/CHF pair rallied during the session on Monday, as the 0.95 level offered support. This is an area that I had recently suggested would be supportive, and now the only question for me is whether or not we can continue to go higher.

The USD/JPY pair broke higher during the course of the day on Monday, as we head towards the 120 level again. With fact, I feel that it is not until the market breaks above there that I am comfortable buying.

The GBP/USD pair initially rallied during the course of the day on Monday, but as you can see ran into quite a bit of resistance of the 1.50 handle.

The EUR/CAD pair tried to break above the 1.3750 level again during the Monday session, but failed as we fell rather hard.

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Get the USD/CAD Forex signal for April 6, 2015 here.

Get the USD/JPY Forex signal for April 6, 2015 here.

Gold opened with a gap up and traded as high as $1218.66 an ounce during the Asian session as last week's downbeat U.S. jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy.

The EUR/USD pair had a strong move to the upside during the session on Friday and even slammed into the 1.10 level.

The USD/CHF pair fell hard during the session on Friday, as the Nonfarm Payroll numbers came out about half of what was anticipated for the month of March.