Forex Daily Forecast, Analysis and Prediction

According to the analysis of AUD/USD and GBP/USD trader profited using a binary options platform. See how here for September 22, 2014.

BTC/USD, which has been in a very narrow trading range over the last many days, has given a breakdown from the all-important support zone at $423 and has broken below the key psychological support zone at $400.

The EUR/USD pair fell hard during the session on Friday, but remains above the 1.28 level. That area has been supportive in the past, especially on the longer-term charts. I still expect to see this area hold up for the most part, so a slight bounce from here wouldn’t be overly surprising.

The silver markets as you can see fell very hard during the session on Friday, breaking down below the $18.00 level.

The USD/JPY pair initially shot higher during the course of the day on Friday, but as you can see we found enough resistance of the 109.50 level to turn things back around and form a shooting star.

The GBP/USD pair rose drastically during the course of the day on Friday, mainly in reaction to the Scottish Independence Vote failing. Since the Scots are staying within the United Kingdom, the game a bit of a reprieve for the British pound, but you can see that it was fairly short-lived.

The AUD/USD pair fell hard during the session on Friday, breaking the bottom of the hammer from the Thursday session, and testing the 0.89 level.

Check out the USD/JPY Forex signal for September 22, 2014 here.

Check out the GBP/USD Forex signal for September 22, 2014 here.

Check out the EUR/USD Forex signal for September 22, 2014 here.

The XAU/USD pair suffered a weekly loss of nearly 1.25% as the conditions in the marketplace continued to diminish desire for safe-haven diversification.

Here are the updates to trades we recommended in August 2014 as well as updates on the three open positions from previous months.

Check out the weekly forecast for some of the major Forex pairs for the week of September 21, 2014 here.

The XAU/USD pair initially fell to its lowest level in eight months during yesterday's session but erased losses and ended the day slightly higher after a series of economic data released from the United States came out weaker than forecasts.

The EUR/USD pair bounced a bit during the session on Thursday, showing the 1.2850 level to be somewhat supportive. We basically have retraced about 60% of the losses from the session on Wednesday, leading me to believe that the market is simply consolidating.