Forex Daily Forecast, Analysis and Prediction

Find your target from this free Forex USD/JPY signal by DailyForex.com.

EUR/USD continues to soften up as the trading world worries about everything European. The session on Tuesday saw more selling of this pair, and there are plenty of reasons being bandied about the newswires for the session.

AUD/USD fell hard during the Tuesday session as the “risk off” trade came roaring back. Of course, it is Greece that is in the forefront of the storm, and it’s about time – I don’t think that we have worried about it for something like 5 days now.

USD/CAD had a nice bullish session on Tuesday as the oil markets fell. This in and of itself isn’t that surprising, this is the way that the pair typically acts.

The AUD/NZD traded as high as 1.3058 during the UK & New York sessions yesterday before falling and closing lower than it opened at 1.2982.

Watch the successful Trades for today based on EUR/USD and EUR/GBP analysis.

The EUR/USD is continuing its bearish trend after the London Open. Although price was bullish yesterday, it was halted by the weekly resistance zone at 1.3223.

The US indices started the trading week on the red territory as this morning the futures are down and this might be the opening bell for the bearish correction that everybody were waiting for.

EUR/USD continues to bounce around in consolidative action and at the mercy of various headlines out of the EU. The most recent one was an admission that the Spanish weren’t quite able to meet debt to GDP levels, and this shouldn’t have been a surprise to many.

NZD/USD had a very bearish day on Monday as the pair broke below the 0.8250 level, a level that had been offering support over the last few weeks. The pair had been consolidating between the level and the 0.8450 mark in a fairly consistent and tight range.

EUR/GBP isn’t a pair that a lot of retail traders give a fair shake to. True, it isn’t always the most volatile, but it has a higher pip value, so it doesn’t need to move like some of the other pairs.

Trader that used today's technical analysis managed to profit on a binary options platform, see it now.

The US stock market continued rising last week on the background of improving GDP & continuing claims data. See this technical analysis of the EUR/USD and what this means for economic data.

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

The EUR/USD continues to be driven by the latest headlines, and Friday proved to be more of the same. The Spanish were kind enough to provide the fireworks this time, noting that they will not meet agreed upon austerity measures. This drove the pair down, and as the day wore on, the Euro lost value.