Forex Daily Forecast, Analysis and Prediction

Get the weekly Forex signal for the AUD/NZD pair for January 5, 2015 here.

Gold prices ended the first trading day of 2015 slightly higher as a larger-than-expected decline in U.S. manufacturing data counteracted the impact of a stronger dollar.

Get the USD/JPY Forex signal for January 5, 2015 here.

Get the GBP/USD Forex signal for January 5, 2015 here.

Get the EUR/USD Forex signal for January 5, 2015 here.

The EUR/USD pair fell after initially trying to rally on Friday, and parked right at the 1.20 handle. This is an area that I think will be massively supportive, or at least the beginning of massive support.

The GBP/CHF pair tested the 1.55 resistance region on Friday, and failed completely. In fact, this massive bearish engulfing candle almost ensures that we are going to go lower from here.

The EUR/GBP pair broke higher during the course of the session on Friday, bouncing off of the all-important 0.7750 support level. The resulting action made the weekly candle a hammer, which of course is a very positive sign.

Get the Forex forecast for the week of January 5, 2015 here.

Get the Forex forecast learning about quant vs chart reading for the week of January 4, 2015 here.

The EUR/USD pair fell hard during the session on Wednesday, as it testing the 1.12 handle.

The GBP/USD pair tried to rally during the session on Wednesday, but as you can see struggled above the 1.56 level.

Gold prices fell on the final trading day of 2014, notching its second consecutive annual drop, as gains in the dollar sapped safe-haven demand.

Get the January 2015 forecast for the EUR/USD pair here.

Get the January 2015 forecast for the AUD/CHF pair here.