Note: This Forex Trading outlook section is meant for mid to longer term Forex outlook/analysis and is updated on weekends. This analysis consists of Technical, Fundamental and Psychological factors and is not simply Technical analysis and is not meant for short-term Forex trading. For daily Forex Technical Analysis, please click on the green buttons under Technical Analysis on left-hand side of this page.

EUR/USD: The currency pair broke the resistance mentioned last weekend and then moved further up as we had mentioned towards 1.3230. The currency pair went as high as 1.3233 or a few pips below the Fibonacci 38.2% retracement of the downward move from October 27th to the recent bottom of January 15th. The strong upward correction and the break above the upper edge of the daily Ichimoku cloud indicate that we can expect some more11...... (continue reading Euro Dollar Forecast)

USD/CHF: The strong drop and price action of the last week suggest that we can expect some more downward correction towards the next support level of 0.9064/0.9065. This level represents the support level during the beginning of December 2011 and is also near the Fibonacci 50% retracement... (continue reading  US Dollar-Franc Forecast ).

Please refer to "Technical Analysis" on the left hand side of this page for short term Forex technical analysis for day trading.