Forex Daily Forecast, Analysis and Prediction

Follow up on the GBP/USD movement from January 11, 2012- Soft Target and Stop Loss!

See how one trader used today's Forex technical analysis and profited on a binary options platform.

See where the GBP/USD is headed based on the January 10, 2012 Signal

The EUR/USD pair rose in the earlier hours of the session on Tuesday as the markets tried to rally around the idea of another EU summit. The European Central Bank is also meeting during the week, and perhaps some traders got ahead of the meetings in the hope that some kind of solution could be forthcoming.

Follow up on the January 10, 2012 EUR/USD signal here!

The EUR/JPY pair rose during the larger part of the session on Tuesday as traders attempted to rally the riskier assets around the world. However, the long standing correlation between the S&P500 and this pair broke down a while ago, and it looks as if only a certain amount of traders don’t know this.

GBP/CAD fell during the session on Tuesday again as downward pressure continues to push this market around. The pair isn’t the most liquid out there, but the fact that the 1.57 level has offered so much support shows just how important the area the market finds itself in is.

The EUR/JPY appears to be consolidating after its (mostly) bearish run downwards the last 2 weeks. Price moved little in today's trading, after having something of a bullish day yesterday.

A trader used today's Forex technical analysis to profit on a binary options platform.

The EUR/USD pair bounced a bit on Monday as traders came back in full force for the year. The Non-Farm Payroll report on the first Friday of the month always makes for a low volume affair, and as it was on the 6th of January, many people think that a lot of the traders simply waited until Monday to start trading for the year.

Check out this Forecast of Major Pairs thanks to an expert analyst from easy-forex.com

The USD/CAD pair quite strongly during the Monday session as the Dollar was hit on all fronts. The oil markets printed a nice hammer to suggest strength, and this in turn will always produce demand for the Canadian currency.

Few currencies at the moment have more toxicity attached to them as the Euro. In fact, there are only two that come to mind: The South African Rand and the Hungarian Forint. This puts things into perspective on just how bad things have gotten for the common currency.

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For those of you that trade the Japanese Yen, hope this free Forex signal helps!