Forex Daily Forecast, Analysis and Prediction

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Of all the pairs I have analyzed tonight the GBP/USD seems to be the only pair that has been showing any signs of activity. It had an 80 pip range when some pairs barely had 60 or even 40 pip ranges. On the weekly time frame price is trying to reach up to the 5 ema.

Yesterday was a very low volatile day for the EUR/USD. Only have the volume it normally has, it only moved like 61 pips according to my calculations. Normally this pair moves 100 - 120 pips on a given day.

Yesterday was an exceptionally weak day for the EUR/JPY. Only a 37 pip day for this pair. Last few trading days we have been in a tight range and not really going anywhere.

The Swissy like some other pairs has been in a range for the last few days. Could be due to all the volatility from last week and price just may need to settle a bit before it continues on but I am sure a lot has to do with thinner than normal trading conditions due to the holiday season.

The EUR/GBP has been nearly perfectly range bound for the last 4 days. Most likely just consolidating after the very bearish and fundamental week we had last week.

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The GBP/USD starts out its new week in between the 5 ema and what has been strong visual support around 1.5350 so it will be very interesting to see what happens with this pair.

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The EUR/GBP begins the new week 80 pips below the weekly 5 ema and at the bottom of the Bollinger band. Price is however making its way down to a which has been respected as support and resistance a few times in the past I expect it to be respected again.

The new week for the Swissy starts out below the 50.0 fib line it broke last week, however, this pair still looks bullish to me. Price is still above the 5 ema and it can just keep heading up until it reaches the 144 ema around .9750 then drop.

The new weekly candle for the EUR/USD opened up over 100 pips below the weekly 5 ema. Last weeks weekly candle printed at the lower Bollinger band.

The USD/CHF pair finally broke 0.9300 last week and is now possibly pulling back to this level before heading higher. After reaching its highest level since March of this year at 0.9546 on December 15, it proceeded to fall as much as 159 pips, closing only a few pips from the bottom of the daily candle that day.

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The GBP/USD looks a bit bullish. It has recently made a double bottom and is trying to head up. On the 4 hour time frame price is heading to the 55 ema which is about where I would expect price to head down to. 1.5566 looks like a decent area to enter shorts.