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Forex Forecast: Pairs in Focus

By: DailyForex.com The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits.

Weekly Forex Forecast |

By: DailyForex.com USD/CAD The US dollar rallied against the Canadian dollar during most of the week but found the 1.29 level to be a bit too much.

Monday 30th April: Weekly technical outlook and review.

EUR/USD:   Weekly gain/loss: -1.28% Weekly closing price: 1.2126 The euro shriveled against its US counterpart over the course of last week’s session.

DELKOS BREAKING NEWS: 83.33% probability that EURUSD will trend up for the next few hours.

The latest US GDP Price Index QoQ Adv number has been released as 2.8%.

DELKOS 88.88% probability that EURUSD will trend up on Friday 27 Apr at 12:30 PM GMT if the US GDP Growth Rate QoQ Adv number is less than 2%.

This Friday 27 Apr at 12:30 PM GMT the latest US GDP Growth Rate QoQ Adv number will be released.

DELKOS 75% probability that EURUSD will trend up on Friday 27 Apr at 12:30 PM GMT if the US GDP Price Index QoQ Adv number is less than 2.4%.

This Friday 27 Apr at 12:30 PM GMT the latest US GDP Price Index QoQ Adv number will be released.

DELKOS BREAKING NEWS: 83.33% probability that GBPUSD will trend up for the next few hours.

The latest EMU Business Confidence number has been released as 1.35.

DELKOS BREAKING NEWS: 77.77% probability that AUDUSD will trend down for the next few hours.

The latest DE Unemployment Rate number has been released as 5.3%.

DELKOS 83.33% probability that GBPUSD will trend up on Friday 27 Apr at 09:00 AM GMT if the EMU Business Confidence number is greater than 1.27.

This Friday 27 Apr at 09:00 AM GMT the latest EMU Business Confidence number will be released.

EUR/USD and GBP/USD Forecast |

EUR/USD The EUR/USD pair initially tried to rally during the trading session on Thursday, but comments from Mario Draghi suggesting that the ECB was going to keep interest rates lower for a more extended timeframe is weighing upon the Euro itself.