Forex Daily Forecast, Analysis and Prediction

With the less than stellar numbers from the USA's Non Farm Payroll report as well as lower spending numbers from the ISM Manufacturing PMI, the USD is showing some signs of slowing its advances against other major and minor currencies alike.

Start your week knowing where your favorite pairs could be headed! This Forex Forecast has all the details you need.

The GBP/USD pair has been in a free-fall for the past 5 weeks. The pair has blown through Support & Resistance zones that have historically given the pair, at the very least, pause but hardly register as speed-bumps this time around.

The EUR/USD pair looks absolutely horrible at this point. The markets are currently trying to track down a massive amount of bad news and potential dangers out of Europe, and it seems that the risks are everywhere and growing by the day. It is under this umbrella of doubt that the Euro finds itself trading these days.

The Aussie has had a rough month. The Aussie is being beat up for several different reasons, most of which have very little to do with Australia itself, although retail numbers were soft recently.

The USD/CAD pair continued to rise in value on Thursday, and even managed to break above the 1.03 level that has been so resistive over the last week or so. The area is a significant resistance zone, so this move should signal more gains to come.

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See what's in store for the major Forex currency pairs during this next quarter!

The EUR/USD continues to line the pockets of the bears. It is astonishing to me that there are still people out there that think the bearishness in this pair is exaggerated, that somehow the European Union is going to wave magic pixie dust on the problems and suddenly the banks in Portugal, Spain, Greece, and Ireland are going to be strong.

The cable has been flittering around the 1.5650 level for a while now. Finally, on Wednesday we saw it give way. The move over the last several weeks has been brutal, but the truth is that the Dollar is the most wanted currency at the moment.

The AUD/USD has been a pair that has been absolutely beaten up over the last several weeks. It was just a couple of months ago that it was trading at the 1.08 level, and the fall has been stunning up until this point.

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Gold had already tried 2 times in the last 2 weeks to break lower than 1526.90, and tried again in yesterday's trading wicking as low as 1532.60 but was unable to hold prices at this level and closed the day much higher at 1569.10.

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

This trader is recommending to go short for this pair. Get the free Forex Signal and learn why.