Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 9, 2015.

Stay up to date for the trading week ahead with our Forex forecast for major currency pairs for the week of November 9, 2015.

Gold prices declined for a seventh straight session on Thursday to settle at their lowest level since mid-September as the prospect of a December rate hike by the Federal Reserve continued to depress the demand for the precious metal.

The EUR/USD pair initially fell during the course of the day on Thursday, but as you can see turned back around to form a nice-looking hammer.

The NZD/USD pair initially tried to rally during the course of the session on Thursday, but turned back around to fall significantly. By doing so, we formed a shooting star that of course is a negative sign.

I believe that the USD/CAD pair has the most likelihood of producing a massive trade on Friday. This is because of course we have the Nonfarm Payroll Numbers coming out of the United States, but we also have Employment Numbers coming out of Canada.

The USD/JPY pair initially rose during the course of the day on Thursday, breaking above the 122 handle. However, we ended up finding enough resistance above there to turn the market back around and form a shooting star.

Get today's NZD/USD Forex signal for November 5, 2015 here.

Get the AUD/USD Forex signal for November 5, 2015 here.

Check out the USD/JPY Forex signal for November 5, 2015 here.

Get the USD/CAD Forex signal for November 5, 2015 here.

Check out the USD/CHF Forex signal for November 5, 2015 here.

Check out the GBP/USD Forex signal for November 5, 2015 here.

Check out the EUR/USD Forex signal for November 5, 2015 here.

Gold prices fell 0.88% on Wednesday, extending their losses to a sixth straight session, as the dollar rallied across the board after Federal Reserve Chair Janet Yellen said the central bank could begin tightening monetary policy in December.