Forex Daily Forecast, Analysis and Prediction

According to the analyses of the USD/CHF and EUR/USD, trader profited using a binary options platform. Find out how here for February 2, 2015.

Get the USD/JPY Forex signal for February 2, 2015 here.

Check out the EUR/USD Forex signal for February 2, 2015 here.

Check out the GBP/USD Forex signal for February 2, 2015 here.

Check out the USD/CHF Forex signal for February 2, 2015 here.

Get the Forex forecast for the week of February 2, 2015 here.

The EUR/USD pair initially tried to rally during the session on Friday, but then turned back around to form a slightly negative candle.

The EUR/CHF pair tried to break higher during the course of the day on Friday, but as you can see the 1.05 level offered enough resistance to turn the market back around.

The AUD/USD pair broke down during the course of the session on Friday, but as you can see had a little bit of a bounce near the 0.77 handle.

Although gold prices suffered a weekly loss of nearly 0.86%, the market had a strong month overall. Get the forecast for February 2015 here.

Get the Forex forecast learning about quant vs chart reading for the week of February 1, 2015 here.

The EUR/USD pair broke higher towards the end of January, but still remained below the 1.15 level. Quite frankly, the market has sold off and is a bit oversold but at the end of the day there are too many factors working against the Euro to think that this pair will rally for any significant length of time.

The EUR/CHF pair broke higher during the course of the back half of January, after the surprise announcement that the Swiss National Bank was trashing the currency peg at 1.20 that it had held in this pair for so long.

The GBP/USD pair initially fell during the course of January, but did get a little bit of a bounce once we hit the 1.50 level.

The USD/CAD pair broke higher during the course of January, and now is well above the 1.25 level at the time of writing.