Forex Daily Forecast, Analysis and Prediction

Check out the weekly Forex forecast for the major pairs and learn where they each might be headed in the coming trading week ahead.

After the European Central Bank’s meeting last week with some influence from Japan’s fresh stimulus injection, EUR/AUD gained much strength to counter its recent downward trend. Get the weekly outlook for this pair here.

Using the Ichimoku method, this Forex signal brings you the information you need to know in order to watch the USD/CAD pair for this upcoming week ahead. The pair is currently bearish, and the recommendation is here.

The GBP/USD pair is continuing its bullish trend and this Forex signal has all the details you need to know for your trading. Check it out here.

The WTI Crude market fell during the session on Friday as the Non-Farm Payroll numbers came out of America at half of what was expected. However, you can see that the $92.00 level offered enough support to make this market bounce and form a hammer.

Although the XAU/USD pair (Gold vs. the Greenback) fell for the week, the pair bounced off of the 1540.10 level which was roughly the bottom of the descending channel that the market players have been following since October.

The EUR/USD pair rose during the session on Friday as the US jobs numbers came out less than expected. In fact, the United States added roughly 1/2 of what was anticipated, and as a result the US dollar got sold off during the session. Nonetheless, this market is still one that could be fraught with a lot of problems going ahead.

The GBP/USD pair had a strong showing on Friday, especially after the nonfarm payroll numbers came out much weaker than anticipated. Because of this, the US dollar sold off in general, and the British pound would have been one of the beneficiaries.

EUR/NZD isn't a pair of that a lot of you trade I would suspect. However, it does feature two prominent and major currencies, and the spread is very reasonable - normally somewhere around five pips. However, it is a good currency pair to watch as far as the "risk on" type of trade.

End your trading week on a high as the XAG/USD pair is trending upward. Get the target and stop loss for silver here with this Forex signal.

After three consecutive days of losses it appears that the XAU/USD pair steadied during the Asian session today. The pair had continued its bearish free fall yesterday and hit the lowest level since June 31.

The WTI Crude oil market fell during the session on Thursday as the inventory numbers in the United States remain elevated. Also of concern would be the overall health of the global economy, which appears to be stalling in several different places.

The EUR/USD pair had an interesting session on Thursday as the ECB had its monetary policy meeting for the month. Because of this, this day was always going to be somewhat choppy, but I have to admit I am somewhat surprised by the basing action that we are starting to see.

The USD/CAD pair went back and forth during the session on Thursday, as the markets tried to deal with several different central bank announcements at once. Within the shape of this candle, you can see just how neutral the day was.

The EUR/JPY pair acted like it was fired out of a cannon on Thursday. Out of all of the Yen related pairs, this one absolutely checked out. Personally, I am actually long the NZD/JPY pair, which is doing quite well over in that market, so I cannot help but look at this chart between them. However, this is the exact type of situation that separates the amateur from the professional trader.