Forex Daily Forecast, Analysis and Prediction

Gold price has surpassed the psychological resistance of $2400 per ounce at the beginning of this week's trading, continuing its gains from the previous session

The USD/SGD has produced challenges of lows the past handful of days while maintaining the lower elements of its near-term range.

The USD/BRL closed Monday’s trading near the 5.6158 level, which is certainly within the higher part of its mid and long-term price range.

The first thing that I notice is that we have broken above the top of a couple of daily candlesticks from last week.

It looks like it's going to be a very noisy session on Monday,

I find that I think the GBP/CHF currency pair is ready to bounce.

The first thing that I would mention is that it seems like we are trying to stabilize after a brutal sell off.

The first thing I notice is that we have bounced from the 50% Fibonacci retracement level, an area that of course, a lot of people will be paying attention to.

Since breaking down the ascending price channel, bears have created a new bearish channel/wedge pattern which has pushed the price down to a supportive area around $1.0800.

The GBP/USD exchange rate has stabilized as it ended its recent sell-off.

Bitcoin price made a brief bullish breakout on Monday and then retreated as the US started moving Silk Road coins.

The AUD/USD pair remained under pressure this week.

The US dollar initially pulled back just a bit in the early hours on Monday, only to turn around and show signs of life and rally against the Indian rupee.

The euro has shown itself to be very strong against multiple currencies around the world, especially when it comes to emerging market currencies.

The exchange in London initially tried to rally during the trading session on Monday, but it gave back gains rather quickly.