Forex Daily Forecast, Analysis and Prediction

The USD seems to be picking up momentum against numerous pairs lately, including the Japanese Yen. See why here.

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Based on Christopher Lewis's analysis of the EUR/GBP and USD/CHF traders profited on a binary options platform.

Here is another signal for the USD/CHF pair using the Elliot Waves Method. Will you profit today? Find out here.

Learn all about the EUR/USD and where it is headed with this free Forex Signal.

The EUR/USD pair continues to be the one that everyone talks about, and the fact that the Greeks simply seem like they cannot find some way to find a consensus in government will continue to push people into the Dollar. The pair simply looks weak, and the recent downturn has been a long time coming.

This pair has been very resilient over the last several weeks as the markets continue to worry and fret over the various issues in both Europe and China. The possibility of a global contraction certainly hasn’t done much for the risk appetite out there, and under normal circumstances, we would see this pair fall.

EUR/GBP is a pair that a lot of traders I know ignore. It is truly too bad in my opinion as it is most certainly a match of two of the world’s major currencies. The pair is often overlooked in my estimation because of the fact that the average daily move is quite often only 30 or 40 pips.

The USD/CAD Daily Chart is, in my opinion a bit of a mess. Not anywhere near as bad as the EUR/CHF 1 Hour chart that resembles a seismograph detecting tremors in the earth, but still a mess.

Based on today's analysis of the GBP/JPY and AUD/USD traders profited on a binary options platform.

EUR/USD continued to grind lower on Friday as the pair still is the very center of the storm in the Forex world. The concerns are well known by now, but there seems to be a new headline that comes out every 24 or 48 hours that gives more weight to the bearish stance in this pair.

Want to know where your favorite major pairs are headed this week? Read the weekly forecast for EUR/USD and more!

The AUD/USD pair has been falling lately, as the world continues to worry about Chinese slowdowns and European debt issues. The Chinese have been showing signs of slowdown lately, and this will weigh upon the Aussie dollar as the Australians send so much of their raw materials to the massive factories on the east coast of China.

The USD/CAD pair has been range bound for some time now, and for traders that cannot trade in this type of environment, this pair has been very tough to make money in. Oddly enough, range bound markets are some of the trickiest for many of my trading friends, even though there is a well-defined boundary on both the top and bottom.

What is this trader's recommendation for the GBP/JPY pair? Find out in this free Forex signal from DailyForex.com