Forex Daily Forecast, Analysis and Prediction

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

Get the GBP/USD Forex signal for January 6, 2015 here.

Get the EUR/USD Forex signal for January 6, 2015 here.

Gold prices advanced on Monday to log their highest settlement in nearly three weeks as political turmoil in Greece and weakness in equities spurred demand.

The EUR/USD pair has broken down significantly for several months now. In fact, the descent of the value of the Euro has been surprising to almost all who have been watching it, as the selloff has been absolutely brutal.

The USD/CAD pair pulled back from the 1.18 level during Monday trading, which isn’t much of a surprise to me as I saw the area of significant resistance.

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Get the weekly Forex signal for the AUD/NZD pair for January 5, 2015 here.

Gold prices ended the first trading day of 2015 slightly higher as a larger-than-expected decline in U.S. manufacturing data counteracted the impact of a stronger dollar.

Get the USD/JPY Forex signal for January 5, 2015 here.

Get the GBP/USD Forex signal for January 5, 2015 here.

Get the EUR/USD Forex signal for January 5, 2015 here.

The EUR/USD pair fell after initially trying to rally on Friday, and parked right at the 1.20 handle. This is an area that I think will be massively supportive, or at least the beginning of massive support.

The GBP/CHF pair tested the 1.55 resistance region on Friday, and failed completely. In fact, this massive bearish engulfing candle almost ensures that we are going to go lower from here.

The EUR/GBP pair broke higher during the course of the session on Friday, bouncing off of the all-important 0.7750 support level. The resulting action made the weekly candle a hammer, which of course is a very positive sign.