Forex Daily Forecast, Analysis and Prediction

The EUR/JPY pair fell during the majority of the Monday session, in order to break below the 96.50 level. The pair has been sold off rather drastically over the last couple weeks, and appears that we are currently slowing down the dissents of the Euro against the Yen.

NZD/USD fell during the beginning of the session on Monday, but bounce later in the day once it was reported that the US retail sales numbers were weaker than expected.

The EUR/USD fell during most of the session on Monday, in order to crack the 1.22 level. The pair has been following rather relentlessly over the last couple weeks, and as a result we have found a bit of a temporary bottom in the form of the 1.2150 level.

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The Canadian Dollar gained ground again against is southern cousin the US Dollar on Friday after Thursday's market movement printed a bearish pin bar on the Weekly R1 at 1.0215.

The AUD/USD pair saw tremendous rally during the Friday session, as the markets embrace the riskier assets globally. The move was a bit surprising, but it should be kept in mind that the Australian dollar is somewhat of a proxy for the Chinese economy.

GBP/USD had an absolutely astonishing day on Friday as the market shot straight up. The candle even managed to close the very top of the daily range, and as such it looks like there is still some type of energy below it looking to push prices higher.

EUR/USD rose during the session on Friday, as the 1.22 level managed service support. The bounce will have caught some people by surprise, but it really isn't necessarily that shocking if you look at the charts over the last couple of weeks.

The Euro did not have a such a great week, but before you sign off for the weekend check out this free Forex signal and get the recommendation for the EUR/USD.

The GBP/USD pair fell during the Thursday session to break down below the 1.55 support level. The reason this is important is that it is the bottom of consolidation that we've seen during most of the summer.

EUR/CAD is a pair that I don't talk about very often. However, if you look at the Canadian dollar in general, you see strength. This makes sense as the oil markets have continued to be resilient in the face of a fairly strong selloff.

EUR/USD fell again during the Thursday session as one would expect, but the fact is that there was a bounce towards the closing and this suggests that we may see a bit of an awakening.

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