Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair sold bit of a bounce from the lows of last week on Monday. The candle isn't necessarily impressive, but it does suggest that the market is trying to find a little bit of a floor at this point.

The USD/CAD pair has been a real pain lately. It seems to want to just jump around randomly, and it certainly isn't following what's going on in the oil markets. Quite to the contrary, the Canadian dollar has been getting beaten up while oil continues to rise.

The NZD/USD pair is one of my favorite pairs to trade. One of the main reasons of course is the fact that it not only follows commodities, but it is also one of the least liquid of the major markets.

According to the analysis of the USD/CAD and GBP/USD trader profited on a binary options platform.

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The XAU/USD pair continued to consolidate roughly between 1660 and 1685 throughout the week. Positive signs for the U.S. economy and the recent strength of the American dollar have been denting the precious metal's safe-haven appeal.

The EUR/USD pair had another rough session on Friday as we initially trying to rally, but found the sellers far too aggressive to do so. The daily candle ended up being a shooting star, which of course was place of the bottom of a fairly steep selloff.

The GBP/USD pair had a strong showing on Friday as the British pound got a bit of a reprieve. This may have been in response to the hearings in front of British Parliament by incoming Bank of England head Mark Carney.

The USD/CAD pair shot straight up during the session on Friday, continuing the move higher that started early in January. Recently, we have seen this pair go sideways and do nothing, but the Friday session definitely showed that the momentum is with the US dollar.

The EUR/GBP reversed in a big way last week after hitting the resistance level at 0.8700. The pair fell 250 pips from the open at 0.8696, in the last 3 days of last week's trading to close at 0.8446.

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Where are the major Forex pairs headed? Check out this weekly Forex forecast and learn what your trading can mean for the rest of the week ahead.

The XAU/USD pair had a bearish candle as the American dollar strengthened across the board. The European Central Bank kept rates on hold at 0.75% yesterday but investors took a cautious stance as comments by President Mario Draghi raised expectations of further interest rate cuts.

The EUR/USD pair fell during the session on Monday as the European Central Bank had its meeting. The Chairman Mario Draghi spoke of the high value of the Euro hurting the European economy.

The EUR/GBP pair isn't necessarily the most exciting one to follow. However, as part of my analyst duties I have to follow this pair for a few clients. It is because of this that I was aware of fact that the market fell during the session on Thursday.