Forex Daily Forecast, Analysis and Prediction

The GBP-CHF pair is in the process of building a symmetrical triangle on an intermediate term chart.

The EUR/USD explored higher territory on the 17th yet decided to still continue down. Good, bad and neutral news today for this pair evens out the news angle of analysis and the technicals have been rendered infertile for the past few weeks in this virile trend.

After staging large bullish run last Monday, AUD-JPY spent most of the week pulling back.

After severe sell off, EUR-USD is approaching critical support level at 1.2630, low reached during 2008 financial panic.

The trend, being your friend, is best adhered to when it is this strong.

Two news items related to retail sales that have been forecast to run afoul of the current trend are due to be put to the EUR/USD today.

The trend, being our friend on the EUR/USD, combined with a forecast favoring the Dollar's side of this pair, should help continue the downward dive.

The “market movers” have their name for a reason. Trading against the trend is something many traders never do, here you can see why.

The EUR/USD's daily chart dives deeper down, despite what each of the four technical indicators put to it have said.

Bears are taking control despite the fact that there were signs of bulls recovery.

The EUR/USD's rise at the week's open is in line with the desire of each of the indicators that have long been dragged across the bottom of their windows.

With non-farm employment change looking good for the Dollar, the EUR/USD will likely continue the downward trend.

The daily chart that the EUR/USD is put to has for many days had indicators that remind us that technicals lag.

Two strong news items will surely trump the story the lagging technicals will tell today, to any traders who wish this pair to move upward.

All of the four technicals on the EUR/USD's daily chart agreeing with price action, for a brief upward swing for some pressure relief before continuing the downtrend.