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.

See a free Forex signal from the experts at ForexRenew for the NZD/USD. Have a great weekend!

The EUR/USD pair continues to trade on the latest rumor and headline that comes out. The Thursday session proved to be no different as the rumors of the European Central Bank swapping out short term Greek debt for long term Greek debt come out on the various wires.

USD/CAD continued to hover around the parity level on Thursday, and the market saw a decent reversal for the session. The pair is often moved by a couple of factors such as risk appetite and oil markets, and will find itself being influenced by a myriad of factors at the same time quite often.

The USD/CHF market is one that is presently going through a metamorphosis. The pair has traditionally been one that saw the market fall as risk aversion increased. It used to be that the Swiss Franc was a currency that everyone wanted to own in tough times.

The GBP/USD or Sterling as it is known, broke and closed above 1.5800 today and has held the zone around 1.5805 all the way through the Asian market session.

See how one trader used DailyForex's technical analysis to profit on a binary options platform.

See how the Golden Ratio relationship can limit market uncertainties for EUR/USD.

EUR/USD continues to be an interesting place in which to do business. It seems that every time the market gets a bit of good news, something ugly comes back out of the closet and has traders running like frightened children.

The Kiwi dollar is one of the most favored “risk on” trades for currency traders. The pair is highly correlated to the commodity markets, and the willingness of traders to buy non-bond assets around the world.

The USD/CHF pair has continues to grind sideways lately, and the pair is probably not on the radar of many traders. Sometimes, this makes for the best markets to be involved in.

Here is a signal update for the GBP/USD. If you missed the original signal, you can still benefit and find your target!

In the last hours of the Tokyo trading session, the EUR/USD seems to be confirming that is has broken through the support zone that has been holding it up since January of this year.

If you've been following our EUR/USD signals, make sure to get this update - if not, you can still find your target and stop loss here.

Based on DailyForex analysis, a trader profited on a binary options platform.