Forex Daily Forecast, Analysis and Prediction

The EUR/CAD pair broke higher during the course of the session on Wednesday as the euro itself took off to the upside. This was predicated mainly upon weakness in the US dollar, but as you can see we have a couple of interesting things happening at one point now.

The SGD/CHF pair fell rather significantly during the session on Wednesday as a lot of traders looked for a bit of safety in what was a remarkable session overall.

The USD/CAD pair went back and forth during the day on Wednesday as the markets saw quite a bit of volatility. This was because of two different announcements, the first one being the GDP number out of the United States, and the second one of course being the interest-rate decision and more importantly the statement that accompanies it out of the US as well.

Gold retreated on Wednesday as investors took profits from a recent rally to a three-week high. I have to say that gold had an interesting month; the market initially advanced to the $1225/2 area then spent the next three weeks grinding lower -despite the weakness in the dollar- and rose sharply again this week.

The EUR/USD pair has spent the last couple of weeks grinding its way higher. However, I still see this market as being consolidative, as the market has bounced around between the 1.05 and the 1.10 levels.

The GBP/USD pair initially fell most of this year, but found a hard landing at the 1.45 level to be just the reason to start bouncing again. However, I think that we are about to run into significant resistance.

The EUR/CHF pair has had a slight rally over the last couple of weeks at the time of writing, but we are approaching the 1.05 level.

The NZD/USD pair has been grinding away to the upside for several weeks now. It’s been a real fight, but the New Zealand dollar has risen from the 0.72 level to the 0.77 level at the time of writing.

The GBP/CHF pair has had a couple of strong positive week’s recently, breaking well above the 1.45 handle. However, I am starting to see a theme in the British pound.

According to the analyzes of the AUD/USD and GBP/USD, trader profited using a binary options platform. Find out how here for April 29, 2015.

The EUR/USD pair broke much higher during the course of the session on Tuesday, breaking the top of the range for Monday. While I freely admit that this is a very bullish sign, I believe that the 1.10 level above will be important.

Check out the USD/CAD Forex signal for April 29, 2015 here.

Check out the AUD/USD Forex signal for April 29, 2015 here.

Check out the USD/JPY Forex signal for April 29, 2015 here.

Check out the GBP/USD Forex signal for April 29, 2015 here.