Forex Daily Forecast, Analysis and Prediction

AUD/USD has been extremely bullish as of late, in a perfect storm of sorts. The pair features a currency that exports commodities to the rest of the world, and most importantly – China.

The USD/CHF pair has broken below the Weekly Support (S1) level of 0.9110 with roughly 20 minutes to go before the close of the Tokyo trading session. Price has been testing this level for well over a week straight beginning back on January 27.

See how one trader used today's technical analysis by Christopher Lewis and profited on a binary options platform.

EUR/USD continues to trade in the fairly tight range that we have seen recently, as the markets are being driven on emotion more than anything else. The Tuesday session saw rumors and markets that wanted to get “ahead of the news”.

If you had a chance to watch yesterday’s video on the GBP/USD pair, you will have seen that the 1.59 level was one that I had concerns about. The rumored agreement between Athens and the Troika on Tuesday had the markets in a “risk on” mood, and the Pound gained.

EUR/JPY has had a strong run as of late, rising from the 100 level to the 102 area. The pair is highly sensitive to risk appetite, and will often move in tandem with global stock markets such as the S&P500, Nikkei, and DAX.

The EUR/USD has finally broken through the weekly resistance zone of 1.3233 with a close above at 1.3259, just north of the zone. This was key for the EURO's advance as this level has been hindering the Bulls process , and might still continue to as there is significant traffic to the left on a daily chart.

Based on Christopher Lewis’s analysis, a trader profited on a binary options platform.

The EUR/USD pair continues to chop around as the Monday session saw very little settled other than the 1.30 level as being supportive – which we already knew.

USD/CAD is a pair that will often give traders a lot of headaches. In order to understand why it acts so odd, you must understand the underlying fundamentals that the two currencies have pushing the pair around.

The GBP/USD, or Sterling as it is known, was once again unable to close below the weekly pivot S/R zone at 1.5778. This level was tested by the bears on at the end of last week and again today without success.

The GBP/USD pair has been extremely robust over the last several weeks, but there aren't many buying opportunities now. There may be soon though - find out how here.

A trader profited on a binary options platform Based on Christopher Lewis’s analysis.

The better-than-expected job news released in the US on Friday caught many investors on the hop, and whilst the 243,000 increase in non-farm payrolls strengthened the USD, Gold retreated from an 11 week high and decreased for the first time in 4 trading sessions.

Check out this weekly Forex forecast of pairs including EUR/USD, USD/JPY, AUD/USD and more and start your trading week right.