Forex Daily Forecast, Analysis and Prediction

The British pound has broken down rather significantly late in the month of August, as we continue to see a lot of negativity around Sterling in general.

The Australian dollar has had a couple of rough weeks late in the month of July, and that could continue as we are in a strong downtrend.

The British pound has continued to sell off during the month of July, closing below the 1.2350 level quite handily.

The US dollar has rallied against the Canadian dollar late during the month of August, and furthermore has broken the back of several inverted hammers on the weekly chart.

The EUR/USD pair did not do a lot for several consecutive sessions and is settling around the 1.1160 level at the time of writing.

In just two trading sessions, the GBP / USD pair lost a total of 260 points to the 1.2119 support level, its lowest level in 28 months, before settling around 1.2165 at the time of writing.

For four consecutive trading sessions, gold prices are moving in a bullish correction from the support level of $1413/ounce, gaining to resistance of $1433/ounce, and is stable around there at the time of writing.

The price of the USD/JPY pair appears to be silent for four sessions in a row moving in a limited range awaiting the breaking point as the Federal Reserve announces its monetary policy.

NZDUSD: Still bearish below at 0.6619

AUDUSD: Stronger inflation data gives AUD a boost

USDJPY: Directionless ahead of FOMC release

Bitcoin: $10,000 the pivotal point.

USDCAD: Price falls bearishly back into range

USDCHF Analysis: Support below 0.9900 still holding up

GBPUSD: Very bearish new 2-year low