Forex Daily Forecast, Analysis and Prediction

Take a look at where the major currencies like EUR/USD and GBP/USD should be heading this week, and plan your weekly Forex trading smartly.

The EUR/USD chart closed the weekly much higher than it opened and printed a bullish engulfing candle off of the strong support zone at 1.3000. While this is typically an excellent indicator that prices will move higher, it does not necessarily happen immediately.

The EUR/USD pair had a bullish session on Friday as the “risk on” attitude came back into the markets for the day. The Spanish managed to sell their bonds this past Thursday, although they had to sell them at slightly higher rates.

The EUR/GBP pair has been fairly bearish over the last several weeks. The pair is a real contrast in fortunes, as the central banks of both economies are at polar opposite places as the European Union has massive problems, while the United Kingdom is showing signs of recovery.

This trader is bullish over the AUD/USD pair. See why here.

The EUR/CAD reversed its descent today, climbing 116 pips in today's trading after rebounding from a Higher low the day before at 1.2929.

The EUR/USD pair has been waiting for the Thursday session for most of the week as far as I can tell.

The GBP/USD pair has been one that is in transition. The British Pound has long been thought of as a currency representative of the weak UK economy.

The USD/JPY pair continues to push higher over the last few sessions, and as a result I am more and more bullish of this pair each day.

Fadi Steitie, part of the DailyForex.com team, shares his insights on AUD/USD based on Fibonacci and Elliott Waves.

Read this USD/JPY signal based on Fibonacci principles in order to find your place in the market.

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

Wall Street keeps moving in zigzag as the stock markets closed on the red territory yesterday, though it looks like the momentum is with the bulls these days. The investors will look forwards today for important economic data, such as Philly manufacturing index, existing home sales and unemployment claims.

Europe continues to be the center of the financial universe as this pair moved in a back and forth manner on Wednesday. The most recent trend has been for the Europeans and Asians to sell this pair off, only to see the Americans pick it back up again.

There has recent been an expansion of the asset buyback program by the Bank of Japan, and this means that the central bank is buying more Japanese Government Bonds. This is akin to flat out printing more Yen out of thin air. As this continues, it will flood the market with those Yen, and make it a much less valuable currency in the long run.