Forex Daily Forecast, Analysis and Prediction

EUR/USD fell again for the Wednesday session as the European issues seemingly are going to be with the market for quite some time. The bears can come up with a seemingly endless amount of reasons to sell this pair, and the headlines certainly seem to back them up in that line of thinking.

The GBP/USD pair fell on Wednesday as traders attempted to break down the pair. The Pound in general looked very weak, and was even beat up by the lowly Euro. The pair is a barometer of global risk quite often, and stocks did have a rough day on the whole, so this move wasn’t completely unexpected.

AUD/JPY can be a wild pair to trade. Swings over a couple hundred pips in a 24 hour session aren’t exactly unheard of, and during the financial meltdown a couple of years ago, we saw some days that moved over 5 handles!

Follow up on where the EUR/USD is headed based on the original signal!

Follow up on the GBP/USD movement from January 11, 2012- Soft Target and Stop Loss!

The Euro was stopped in its tracks again today by the weekly support zone at 1.2675 for the second time this week. Price moved down into this zone on Monday here in North America and opened Tuesday's trading at almost the same price as it closed on Monday, just above the 1.2675 zone.

See how one trader used today's Forex technical analysis and profited on a binary options platform.

See where the GBP/USD is headed based on the January 10, 2012 Signal

Follow up on the January 10, 2012 EUR/USD signal here!

The EUR/USD pair rose in the earlier hours of the session on Tuesday as the markets tried to rally around the idea of another EU summit. The European Central Bank is also meeting during the week, and perhaps some traders got ahead of the meetings in the hope that some kind of solution could be forthcoming.

The EUR/JPY pair rose during the larger part of the session on Tuesday as traders attempted to rally the riskier assets around the world. However, the long standing correlation between the S&P500 and this pair broke down a while ago, and it looks as if only a certain amount of traders don’t know this.

GBP/CAD fell during the session on Tuesday again as downward pressure continues to push this market around. The pair isn’t the most liquid out there, but the fact that the 1.57 level has offered so much support shows just how important the area the market finds itself in is.

The EUR/JPY appears to be consolidating after its (mostly) bearish run downwards the last 2 weeks. Price moved little in today's trading, after having something of a bullish day yesterday.

A trader used today's Forex technical analysis to profit on a binary options platform.

Check out this Forecast of Major Pairs thanks to an expert analyst from easy-forex.com