Forex Daily Forecast, Analysis and Prediction

Yesterday price climbed up beyond the weekly 5 ema and to nearly the 50.0 fib of the previous weekly swing down which is overlapped with the weekly 13 ema then retreated back down.

The Swissy has been in the zone just below the 50.0 fib level of the previous move down for about seven weeks now and this looks like on the daily time frame that price is making a double top.

Last week I wrote about the Loonie and its struggle to break through 1.025...well we have now indeed accomplished this with a Bullish Power candle forming on today's charts spanning 150+ pips.

See how one trader used today's Forex technical analysis to win big with binary options trading.

The GBP/USD begins its week at a 50.0 fib to the upside and at the same time price is also bouncing off the lower Bollinger band, however, the lower band is open and pointing down and price appears to riding down along the daily 5 ema.

This pair starts its new week off with the weekly candle spaced below the weekly 5 ema. I expect price to rise up and meet with the weekly 5 ema. Price is also just above visual support on this time frame this may help price head up to the weekly 5 ema.

This pair begins its week more than 100 pips below the weekly 5 ema. It is expected that price will head up a bot and connect with the 5 ema before it continues to head down.

The new week starts off with the weekly candle above the 5 ema and a space in between the weekly candle and the 5 ema exists. Price and the 5 ema will need to make contact with each other sooner or later.

The EUR/GBP starts out this new week with the weekly candle just under the 5 ema. It practically poked the 5 ema and it does overlap with a trend line. This zone also nearly coincides with a 38.2 fib of the recent swing down at .8617 on the weekly time frame.

The Kiwi dollar had an absolutely horrible week over the previous 5 sessions, falling towards the 0.75 level. The area shows serious support potential, and looks like it will be the “line in the sand” for Kiwi bulls.

The USD/CHF, or Swissy as it is commonly known to traders, appears to have its sights set on the weekly Support/Resistance Level at 0.9300. The pair tested this level at the beginning of October reaching a high of 0.9314 that week.

Learn how one trader used today's technical analysis to win nearly $2000 using a binary options trading platform.

Beginning my analysis today for the EUR/JPY I begin with the daily timeframe.

I will begin my analysis for the EUR/GBP today looking at the daily timeframe.

The daily timeframe for the Swissy is looking very interesting to me.