Forex Daily Forecast, Analysis and Prediction

According to the analyses of the USD/CAD and EUR/USD pairs, trader profited on a binary options platform. See how here for January 20, 2015.

The EUR/USD pair tried to break higher during the course of the day on Monday, but as you can see struggled to clear the top of a hammer.

The USD/JPY pair broke higher during the course of the session on Monday, clearing the 118 handle finally. Because of this, I feel that the market is going to head towards the 120 level, which of course is resistance above.

The USD/CAD pair did almost nothing during the session on Monday, as we printed a neutral candle just underneath the 1.20 resistance barrier.

Get the USD/JPY Forex signal for January 20, 2015 here.

Get the EUR/USD Forex signal for January 20, 2015 here.

Get the USD/CHF Forex signal for January 20, 2015 here.

Gold ended the day almost unchanged as the market took a breather after surging to a four-month high on Friday.

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Get the USD/CHF Forex signal for January 19, 2015

Get the USD/JPY Forex signal for January 19, 2015

Get the EUR/USD Forex signal for January 19, 2015 here.

The EUR/USD pair broke down during the session on Friday, dipping below the 1.15 level, which of course is a large, round, psychologically significant number.

GBP/USD went back and forth during the course of the session Friday, as you continue to grind sideways in general. This market seems to be trying to form some type of base, and it makes sense that the market would be doing so consider that we are just above the 1.50 level, which of course is massively supportive.

The USD/JPY pair bounced during the session on Friday, using the 116 level as a springboard.