Forex Daily Forecast, Analysis and Prediction

Get the USD/CAD Forex signal for April 13 2015 here.

Get the AUD/USD Forex signal for April 13, 2015 here.

Get the USD/JPY Forex signal for April 13, 2015 here.

Get the GBP/USD Forex signal for April 13, 2015 here.

Get the EUR/USD Forex signal for April 13, 2015 here.

The EUR/USD pair fell again during the session on Friday, as the Euro continues to get punished overall. Keep in mind, not only do we have troubles in Europe, but we have troubles around the world and that essentially makes the US dollar attractive as it is considered to be safe.

The USD/CAD pair broke higher during the course of the session on Friday, and got as high as the 1.27 region.

The EUR/JPY pair fell hard during the session on Friday, testing the 127 region. This begins to offer the possibility of the market going even lower, and the fact that we close towards the very bottom of the range of course suggests that the sellers are in fact in complete control.

You would not be blamed if you never really thought about the USD/TWD pair. In fact, the Taiwan dollar is a fairly obscure currency. However, when you see a trade that looks this perfect as far as the setup is concerned, you have to be willing to take it.

The GBP/AUD pair fell again during the session on Friday, approaching what I see as a fairly significant trend line.

The market started the week on the back foot but found support around the $1193 area as buyers stepped in and ended Friday's session up 1.15%, or $13.53, to settle at $1207.71 an ounce.

Get the Forex forecast for the week of April 13, 2015 here.

Get the Forex forecast for some of the major currency pairs for the week of April 12, 2015 here.

The EUR/USD pair fell hard on Thursday, slicing through the 1.07 level.

Gold prices fell $7.97 an ounce yesterday, down for the fourth straight session to $1194.62, as expectations the Federal Reserve would begin to increase interest rates in June continued to weigh on the market.