Forex Daily Forecast, Analysis and Prediction

EUR/AUD is forming a head and shoulders on the 2H charts. Get the full signal here.

See the mid week summary of the major pairs, get updates and see where they may lead the rest of the week.

The break-down of the support at 1380 points by the S&P 500 caused sharp declines, as I estimated. Many automatic orders & robots waited for the index to slide under the support in order to trigger the selling orders.

The EUR/USD pair is showing signs of contagion fears yet again. The markets are going to have to focus on things like Spanish yields again. The pair has been sold off hard, but is sitting just above the 1.30 level which is a massive support level. The area will have to be broken to the downside in order for selling to be something I am comfortable with.

The USD/JPY pair is one of the ones that have been garnering the attention of not only me, but many of my trading friends as well. The pair has recently looked like one that has started to make the rend change that we all have been thinking of for so long, and the action has been pretty one way.

The 1.01 level is the “end” of the resistance that has been keeping this pair down. The oil markets have been grinding lower over the last few weeks, and now we are starting to see this pair react in accordance.

The Yen had a good day against the Euro yesterday, gaining over 200 points against the Euro - see the full analysis here.

Check out this analysis by a pro trader to see where to find your profits for EUR/USD and USD/JPY.

Based on Christopher Lewis's analysis a traders profited on a binary options platform, read about it here.

As I expected, the US stock market hit by the disappointing Non-Farm payroll data from Friday and indices shed 1% yesterday.

Here is a EUR/USD free Forex signal to get you trading today! Find your target and stop loss here.

The EUR/USD pair has been one that has been focused on by most traders lately as it fell hard since meeting the 200 day EMA at the 1.3350 level. The pair made a less than stellar ascension this last round, and even failed to make a higher high. The pair looked as if it was trying to find a range between the 1.30 and 1.35 levels.

The Russian Ruble isn’t necessarily a currency that many of you will follow, but there are some advantages to keeping track of the way it moves. In order to understand what the Ruble means to the Forex world, you need to think about the area of Siberia.

The USD/CAD pair has been a range bound market for the last few months. The pair is often a grinding one, so the market can be frustrating to those that are looking for momentum plays, but if you are comfortable with range trading, this pair can be a great one for you to trade.

The AUD/USD might be setting up to head lower with the 4-Hour Chart showing us why. The pair has been in a downward channel since February 29 when it hit the high for 2012 so far at 1.0855 and began its decent 48 hours later.