Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair fell again during the session on Monday, after initially trying to rally. As you can see the trend has been intact for some time, as denoted by the 50 exponential moving average on this daily chart.

The USD/JPY pair rose during the course of the session on Monday, using the 120 level as a supportive barrier.

The GBP/AUD pair fell during the session on Monday, but as you can see on the chart found a bit of support. I have the 1.90 level marked on the chart, and you can see that it has in fact offered support several times in the past.

The GBP/USD pair fell hard during the course of the session on Monday, testing the 1.55 level again.

The AUD/USD pair broke higher during the course of the session on Monday, but as you can see pullback in order to form a shooting star. With that being the case, the market looks as if it is ready to continue to sell off every time we try to rally.

Gold prices ended Monday's session down 0.9%, or $10.85, to settle at $1183.20 an ounce.

Get the USD/JPY Forex signal for December 30, 2014 here.

Get the GBP/USD Forex signal for December 30, 2014 here.

Check out the EUR/USD Forex signal for December 30, 2014 here.

Get the USD/JPY Forex signal for December 29, 2014 here.

Get the GBP/USD Forex signal for December 29, 2014 here.

Get the EUR/USD Forex signal for December 29, 2014 here.

The EUR/USD pair fell during the session on Friday as per usual, but as you can see did and make a fresh, new low.

The Singapore dollar is one of my favorite currencies to use in order to play off of Asian strength or weakness. Also, it can be used in general to play the developing world as Singaporean banks tend to be where emerging markets go in Asia to find funding.

The AUD/CHF pair is one that follows overall risk appetite typically, and as a result will fall as people get a little bit concerned.