Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair has been falling over the last several weeks and with alarming steadiness for those of us that have been bullish. The pair has a natural tendency to mimic the overall “risk appetite” around the world, and is the first pair that many traders turn to in order to express either a bullish or bearish view on the global economic outlook.

The Japanese Yen gained against the USA's Greenback today, and just about every other major currency across the board. The USD/JPY, EUR/JPY, GBP/JPY, CAD/JPY & CHF/JPY all showed similar chart patterns on the daily time frame with the EUR/JPY and USD/JPY charts showing the strongest bearish candles.

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Where are the GBP/USD and EUR/USD headed today? This analysis by DailyForex.com explains it all!

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

The EUR/USD has recent broke above the 1.3250 to 1.33 resistance level that kept the pair down most of the year, with the exception of a few short sessions in February. The pair is of course the center of the Forex world, as it is the most traded financial instrument on the planet.

The NZD/USD pair has gone sideways for most of 2012. The pair is often sensitive to economic factors such growth in emerging markets, stock indices, and commodity prices. The pair is one of the favorites of traders when it comes to playing economic growth.

The AUD/USD pair has had a rough way to go recently, with the pair falling from the 1.08 level to the 1.0350 area in roughly the last month. The pair is of course a highly risk-sensitive currency pair, and is often used as a proxy to trade the Chinese economy.

Hope this free Forex signal helps you trade EUR/USD before the weekend. Good luck!

The EUR/USD pair has been very positive lately, and the biggest contributor seems to be the idea that we have bailed out the Greeks again, and all is well in the world. However, there are other things that we need to be paying attention to as well.

USD/CAD has been one of the more reliable range bound currency pairs lately. The pair has essentially hovered just below the parity level, and with consistency has failed to break out every time it has risen above that level for much of 2012.

The NZD/USD pair has been slowly grinding lower over the last couple of months. The pair overall has been bullish though, as the Kiwi is often used to play the economic growth story in the currency markets.

The AUD/USD, which I often call the Pacific Peso, has reached a strong support zone at 1.0360 that has history going back years and has caused both Bullish and Bearish trends to pause and reverse or retrace.

Based on Fadi Steitie and Christopher Lewis's technical analyses, a trader profited on a binary options platform. Get the analysis here.

Here is a 30 Minute EUR/USD Signal from one of our expert traders. Get it while it's hot!