Forex Daily Forecast, Analysis and Prediction

As we prepare for the ECB announcement tomorrow check out this Forex signal for the EUR/USD pair.

The GBP/AUD pair has touched down at the 1.4860 area, a price area not touched since February of this year and a level that has provided strong support many times in the past 12 months.

It's pretty rare that I get to say something like "This currency pair looks absolutely horrible, get ready to buy it!" However, this is exactly what the USD/JPY looks like right now to me. As odd as it sounds, there is a reason to my logic.

NZD/USD had an interesting session on Tuesday as the participants in the currency markets have decided to place their bets ahead of the Federal Reserve and the European Central Bank meetings this week.

If there has been any consistent trade out there lately, it's been to sell the Euro against just about anything else. It is in this thought process that I look at the EUR/GBP pair.

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

The GBP/USD took back roughly 267 pips from the USD last week, closing above the Weekly Pivot and 62 Day Moving Average. This is only the 2nd time since May 15 that price has closed on the positive side of the 62DMA in favor of the Sterling.

USD/CAD fell during the session on Monday again, pushing towards the parity level as the bearish momentum continues to impress.

GBP/USD fell during the session on Monday, but managed to bounce towards the end of the trading day in order to form a hammer. This is of no small significance considering the fact that the 1.57 level held as support.

EUR/USD fell during the session on Monday, after the ridiculous urge that we saw over the previous three trading sessions.

See where the EUR/USD is trending with this Forex signal using the Ichimoku method.

Last week was interesting for some of the major pairs, especially the EUR/USD. See what may be ahead for the pairs and make your trading plans accordingly!

The USD/JPY has been, like the EUR/USD, rather disconnected from the '6 Cousins' when viewed from a market correlation point of view.

NZD/USD is a pair that I have been talking about quite a bit lately. The bounce has been wicked, and I must admit that I was caught off guard completely by this sudden burst higher. However, now that it has happened, the analysis becomes a bit clearer at this point.

The GBP/NZD pair has been flirting with a serious demand level for some time now. On Friday, we saw the pair finally break through the area, as the 1.95 handle gave way.