Forex Daily Forecast, Analysis and Prediction

Japan’s Prime Minister, Shinzo Abe’s well known creed supports boosting of exports with the help of a weaker Yen and a very relaxed monetary policy. We have the analysis for the EUR/JPY pair here. Check it out.

The XAU/USD pair (Gold vs. the American dollar) closed the day higher than opening but the trading range was tight as major European markets were closed for Easter holiday. The demand for gold found some support after weaker than anticipated ISM Manufacturing PMI eased the greenback’s safe-haven appeal.

The AUD/USD pair fell during the first part of the session on Monday, but as you can see clear the 1.04 level on the bounce as we await the monetary policy statement from the Reserve Bank of Australia.

The USD/JPY pair had a very poor showing on Monday, much weaker than I would've expected to be honest. We have plow right through quite a bit of support, but as you can see by the chart there is a ton of a going all the way down to roughly 91.50 in the short term, and most certainly there will be a lot of support at the 90 handle as well.

The US dollar (USD) has seen a large run up in buying power over the Japanese YEN with a 36% increase since its low of 77.1300 in late September. Learn more about how the Yen will move here.

The EUR/USD pair did almost nothing on Friday, which of course is a surprise as it was the Good Friday holiday. The liquidity just wasn't there, so as a result the markets didn't do much.

The EUR/JPY pair did almost nothing during the session on Friday, but this would have been much of a surprise considering that it was the Good Friday holiday.

The GBP/CHF pair has been rallying lately, but as you can see stalled during the Thursday session as we formed a long legged doji. This neutral candle signifies that we are starting to lose a little bit of momentum, and on top of that, it is the same area that the last pullback sent us plunging down towards the 1.3950 level.

Begin a new month, new week and new quarter with this weekly Forex forecast of the major pairs. See what your trading can be this upcoming week and plan accordingly.

The XAU/USD pair (Gold vs. the American dollar) closed lower than opening yesterday as the bears managed to defend the 1608 level. The pair has been range bound lately and it seems that easing concerns over the Eurozone and weakening demand work against gold at the moment.

The WTI Crude market initially fell during the session on Thursday, but as you can see we bounced from the lows of the session just above the $96.00 level, and closed at the $97.25 level to form a hammer like candle.

The EUR/USD pair had a positive session on Thursday, bouncing off of the 1.2750 level and going above the 1.28 level later in the day. This would've been a reaction to the fact that Cypriot banks managed to open during the session without much in the way of a bank run.

The EUR/JPY pair spent most of the session on Thursday following, but as you can see found quite a bit of support at the 120 handle. This is an area that I've been wanting for quite some time, and it makes sense that we got a bit of a bounce from it.

The AUD/USD pair fell during the session on Thursday, testing the 1.04 level as support. So far, it has held but it should be said that we are closing just above it. The area just below the 1.04 level does look rather congested though, and as a result I believe that we will see supportive action.

According to the analysis of the AUD/USD and EUR/USD trader profited on a binary options platform.