Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair has undergone a transformation lately. The pair has been in a bearish run for ages, and until recently, people who bought it only experienced losses. This is mainly because of the perceived safety status of the Yen.

With the possibility of being overly simplistic, the AUD/USD loves to form support and resistance levels every 200 pips lately.

Price opened last week at a daily resistance zone of 1.0005 and quickly tested the weekly EMA at 1.0050 that very day. Thats where the Bulls lost the race however and the Canadian Dollar finished stronger than its southern cousin the Greenback closing at 0.9895 after pushing as low as 0.98412.

The session was quiet for the most part on Thursday, and the market sat fairly still as a result. The 1.3250 level below should continue to offer some sort of support for the market though, and selling at this point – even after the move down on Wednesday – is very difficult to sell now.

USD/CAD is one of the most favored commodity trades for the average Forex trader. The Canadian dollar and its relationship to the behavior of oil markets is a well-known phenomenon, and one of the most reliable moves in the markets over time.

The USD/CHF pair has recently been affected by the goings on in the EUR/CHF pair. The Swiss National Bank has a standing “minimum acceptable rate” of 1.20 for the EUR/CHF pair, and as a result, most CHF-related pairs are being manipulated by proxy.

The USD/CAD daily chart has been tumbling since the start of the week when the greenback pushed as high as 1.00485 against its norther cousin, the Canadian Loonie.

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EUR/USD is ready to continue downwards. See what this trader will do with this pair before the week ends.

The AUD/USD pair has been very bullish as of late, and not for the usual reasons. In fact, the Aussie has been not only a play on growth and inflation, but also as a yield and safety play.

USD/JPY has recently changed its tune, and the markets have been furiously back peddling in order to adjust to the new realities of the market. The recent break of 80 was very impressive, and vital to the future tone of the pair.

The EUR/USD fell 171 pips on the last day of trading in February, fitting for a leap year in that it was like the bears leapt off a cliff that was the high for the past several days at 1.3478.

The negative correlation between the American dollar and the stock markets helped the USD to strengthen against the major currencies.

This EUR/USD signal update can be helpful even if you missed the original signal - find your position now.

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