Forex Daily Forecast, Analysis and Prediction

Get the USD/JPY Forex signal for January 27, 2015 here.

Get the GBP/USD Forex signal for January 27, 2015 here.

Get the EUR/USD Forex signal for January 27, 2015 here.

Get the USD/CHF Forex signal for January 27, 2015 here.

Gold continued to retreat from a five-month high struck last week, as sings of stabilization in the risk environment and buoyant global equities lured some investors away from the market.

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Check out the USD/JPY Forex signal for January 26, 2015 here.

Check out the GBP/USD Forex signal for January 26, 2015 here.

Get the EUR/USD Forex signal for January 26, 2015 here.

Get the USD/CHF Forex signal for January 26, 2015 here.

The USD/NOK pair had a positive session during the day on Friday, as we continue to see upward pressure on the US dollar. After all, the Norwegian krone is going to be tied to the oil markets which of course have been very soft lately to say the least.

The AUD/USD pair broke down during the course of the session on Friday, finally clearing the 0.80 level and giving it the opportunity to fall with significant momentum.

The NZD/USD pair initially tried to break out to the upside during the session on Friday, but as you can see turned back around and fell drastically.

The USD/JPY pair fell during the course of the session on Friday, as the 118.50 level offered resistance. That being the case, it appears that the market should continue to grind in this general vicinity, as there seems to be a bit of confusion in the market at the moment.

The EUR/USD pair fell again during the session on Friday, as we continue to see a lot of bearish pressure entering this market. Ultimately, it appears that the pair is ready to go lower, probably heading to the 1.10 level given enough time.