Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair fell to the 1.04 level on Friday, but after the jobs number came out of the United States, we get a significant bounce all the way back up to the 1.0477 area.

Although XAU/USD fell for the week, Friday’s price action was really interesting. The XAU/USD pair broke below the 1655 support and (almost) touched the bottom of the descending channel (1625) and climbed back above the 1655 level, printing a hammer on the daily chart.

The Swissy (USD/CHF) fell to a low last week of 0.9076 after breaking a key support level for the pair at 0.9265 on December 13 when the pair successfully opened and closed below the level and then continuing to fall the next day.

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The EUR/USD pair fell rather precipitously during the Thursday session after forming the shooting star for Wednesday. I had suggested previously that this could be a signal of things to come, and this appears to be exactly what has happened.

The USD/CAD pair initially fell during the session on Thursday, but bounced slightly off of the 0.98 region in order to form a somewhat hammer like looking candle.

The AUD/USD pair broke above the 1.05 level during the Thursday session again, and just like it did on Wednesday, he gave back enough gains to fall below it at the close. With this being said, we formed a hammer, and it does show that the 1.05 level is significant resistance.

XAU/USD fell sharply after the bears increased selling pressure and pulled the pair below the 1684 support level. We see that the relief rally is running out of gas as the markets turned their attention to the economic data releases again.

The AUD/JPY had what I call a 'breather' day. One of those days where everything just slows down and you take time to read a book, or watch a movie and just stay in your pajamas all day.

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

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See where some of our posted signals ended up and what to do next with this signal update for the EUR/CHF, XAU/USD, and AUD/CHF pairs.

The EUR/USD pair originally skyrocketed during the Wednesday session as Asian traders reacted to the news of a "fiscal cliff" deal coming out of the United States Congress. This produced a major "risk on" rally that was in effect globally in almost all asset classes as the relief of certainty came into play.

The AUD/USD pair had a very strong session on Wednesday as one would expect. After all, the U.S. Congress decided to come together and sign a fiscal deal that averted so many of the tax raises and budget cuts that the markets were concerned about.

The GBP/USD pair had a very strong opening on Wednesday as Asian traders reacted to the news that the United States Congress came to an agreement on the so-called "fiscal cliff" situation.