Forex Daily Forecast, Analysis and Prediction

AUD/USD has been going sideways for the last couple of weeks. However, over the last several months we have seen strength in general, and the sideways motion lately hasn’t even seriously attempted a breakdown.

Trader used today's technical analysis and managed to profit on a binary options platform, watch it here.

GBP/USD is busy today as we have two types of signals posted for this major pair. See where this expert says the GBP/USD is headed and get your target now.

The experts at ForexRoyals bring you a free Forex signal. See where the GBP/USD is headed this week.

See where the EUR/USD is headed this week from this free Forex signal by one of our expert traders!

Q2 2012 is going to see some interesting market fluctuations - see how one professional trader expects things to go for EUR/USD, AUD/USD, GBP/USD and more.

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 had another strong showing during the Friday session in order to move up to the next resistance area by the end of the day. The pair has recently seen some strength, and the move certainly will have been more or less initiated by large amounts of short covering over the last week or so.

USD/JPY continued to rise in value on Friday as the trading community is quickly changing its tune as far as the Yen is concerned. The pair has been beaten down for so long, it is sometimes difficult to remember that it used to go up sometimes as well as the common falling in price.

Kiwi dollar is one of the most favored commodity currencies for traders to speculate with. While the currency will often track close to the Aussie, the fact is the Kiwi is quite a bit less liquid than its cousin, and therefore will move much quicker on balance.

While this pair is not considered one of the 'Major' pairs by some brokers, the AUD/CAD has allot to offer traders. The pair provides very nice swings for swing & position traders, as well as nice range for day or intra-day traders. With the close of the weekly candle on Friday, this pair seems to indicate that it could be preparing for a push to highs last seen in 1997.

EUR/USD continues to mystify the trading community at large as the pair seemingly is a never ending series of headline based knee jerk reactions. The Euro has a ton of things working against it – except for one thing: price. The pair broke out on Thursday, and it appears that the bulls are starting to take over.

AUD/CHF had another bearish day on Thursday as the trading community continues to purchase Francs against most major currencies. This is a bit counterintuitive to what we normally expect, as the Franc is certainly a safety currency under normal circumstances.

EUR/GBP isn’t typically known to move rapidly. The pair is one that will typically grind in a zigzag pattern as the market is normally a very tight affair. However, when it does move it can be very sudden.

The USD/CHF or 'Swissy' as traders call it, has found some support on the Monthly S1 at 0.9100, halting its fall towards the close of the New York session. See the full technical analysis here.