Forex Daily Forecast, Analysis and Prediction

Learn about the U.S. index before making any trades using the Elliot Waves and Fibonacci levels method.

The GBP/USD pair fell below the 1.60 handle on Monday, but did bounce in order to form a hammer. This could be a very potent sign for the buyers to step back into the marketplace as it shows the 1.60 level does bring in support.

The EUR/USD pulled back a bit during the Monday session as we await the decision out of the German High courts on Wednesday as to whether or not the ESM is in fact constitutionally allowed in Germany itself.

The AUD/USD pair fell during the Monday session as the world awaits the decisions out of Germany, Holland, and the Federal Reserve.

Check out this EUR/USD signal using the support and resistance method. The Euro is trending upward. Make your moves fast.

As the effects of a relaxing weekend leaves us, start the week right with the Forex forecast of some of the major pairs. Make your moves carefully and hopefully profit well.

The EUR/USD pair rose again during the Friday session as the Non-Farm Payroll numbers in the United States came out much weaker than expected. This is mainly because of the expectations going forward that the Federal Reserve will have to engage in further quantitative easing.

The CHF/JPY pair fell during much of the session on Friday, only to turn around and bounce. This bounce produced a nice looking hammer, and it should be noted that the hammers bottom is sitting on top of a nice supportive area that stretches over the course of two weeks.

The USD/JPY pair fell precipitously on Friday as the US employment numbers came out in a very disappointing manner.

The AUD/CAD stopped and reversed its descent last week at a key support level, 1.005. The pair has changed direction at this level many times over the last 2 years, both bullish and bearish.

EUR/USD had a bullish session on Thursday as the ECB has now suggested it will buy unlimited amounts of bonds from troubled members. However, the pair didn’t exactly take off like so many others did.

The AUD/USD pair shot straight up during the Thursday session as the ECB stated it would buy "unlimited" amount of bonds from troubled nations in that region. This got the "risk on" trade back into play, and that almost always benefits the Australian dollar.

The USD/JPY pair skyrocketed during the session on Thursday as the ADP employment numbers came out much stronger than expected. A lot of traders will use this as a forward-looking indicator as to what the Non-Farm Payroll numbers will be.

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

Check out this Forex signal for the EURUSD pair using rising parallel channels as the method.