Forex Daily Forecast, Analysis and Prediction

The NZD/USD pair rose during the session on Wednesday, breaking the top of the hammer from the Tuesday session, which is typically a nice buy signal.

The USD/JPY pair did very little during the session on Wednesday, but it did try to break above the 98 handle and failed.

The EUR/USD pair did very little during the session on Wednesday, as we continue to hover above the 1.32 support level.

One trader profited based on today's technical analysis from DailyForex.com. See how here.

See how one trader profited twice in one day - one EUR/USD and USD/JPY. Only at DailyForex.com.

Looking to the future then, we can see by zooming out to a higher time frame that despite the triangle break out on the daily chart, our period of consolidation has not really come to a decisive end.

Looking to the future now, we are well within the long-term narrowing triangle, so we have no direction from any trend lines.

The CAD/JPY, like most Yen crosses this week is continuing to look rather bullish.

Long GBP/JPY between 150.36 and 150.12 if the price reaches this level before Midnight GMT today.

Trade Recommendation for long-term profit. See details here.

Gold gave up some of its recent gains against the American dollar during yesterday's session as better-than-estimated U.S. retail sales data sparked speculation the Federal Reserve could start trimming its massive monetary stimulus as early as September.

I see this market as being stuck between $103 on the bottom, and $109 on the top.

The USD/JPY pair rose during the session on Tuesday, breaking above the 98 handle.

The Europeans are coming out of a recession, so you would think that the Euro would be doing better.

The AUD/CAD pair fell after initially trying to gain during the session on Tuesday.