Forex Daily Forecast, Analysis and Prediction

As expected GBP rallied to 1.6386 level on Friday. Earlier today it broke above this level and then this level acted as support.

After yesterday’s news in America, some people expect that a relative calm in the markets will be lived.

EUR/USD signal based on Fibonacci levels. Good for 2-3 days.

The EUR/USD , GBP/USD and USD/JPY downtrending on the Very Short-Term Trend

Perhaps more than other crosses, pair of the commodity currencies go through more periods of consolidation

the NZD/USD has been in an uptrend all of July, appreciating from 0.8109 to the current level of just above 0.8818

One of the most popular speculative currency pair is the GBP/JPY or “Beast” as it is commonly known in trading circles. The reason is simple – this cross tends to have large price swings and can be very volatile. This translates to potentially good trading opportunities, hence the popularity.

When reading any newspaper, it seems like a rough landscape for the EUR, since Eurozone leaders are focusing on the region's current debt problems while US leaders are struggling to reign in projected future defaults. A first look at the pair looks unpromising, but I think there's a chance for profits if we look at the cycles found in the charts.

The Euro stabilized to some degree in days following the agreement to aid Greece for the second time. It seems that fears about possible dissolution of the common currency are gone, at least for now.

Commodity currencies have been among the best performing Forex instruments of past few months, especially the New Zealand Dollar, which continues to get stronger seemingly every day. Not only against the US Dollar, but in relation to its peers as well.

Technical and fundamental analysis of EUR, USD, AUD and four other major currencies, all in one place.

The Canadian Dollar was very active last week, due to enormous amount of data released in that country. Even though a lot of it was positive, like a hint of interest rates increase in the near future, the Canadian Dollar remained largely stalled.

The Euro has been among the most volatile currencies lately. Driven by developments of the sovereign debt crisis in Europe, the common currency has had difficulties maintaining a steady trend, and especially holding on to any gains.

GBP/AUD trading signal, based on Ichimoku, good for one week. Don't wait long to make your move.

An Ichimoku-based trading signal for EUR/USD that is good for one week.