Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair did very little during the course of the session on Wednesday, as the 1.14 level continues to be far too resistive.

The AUD/CHF is one of my favorite pairs to trade overall, simply because it is a basic assessment of risk appetite around the world. Quite frankly, the Australian dollar although a major currency, is considered to be a bit risky.

The GBP/AUD pair rallied during the day on Wednesday, reaching towards the 2.15 handle.

Gold prices rose 0.5% on Tuesday, snapping a three-day losing streak, and settled at $1175.89 an ounce as a softer dollar lured investors back into the market.

Get the NZD/USD Forex signal for October 21, 2015 here.

Check out the AUD/USD Forex signal for October 21, 2015 here.

Check out the USD/JPY Forex signal for October 21, 2015 here.

Canadian Central Bank action and election result make this an interesting pair to trade today. Get the USD/CAD Forex signal for October 21, 2015 here.

Check out the USD/CHF Forex signal for October 21, 2015 here.

Check out the GBP/USD Forex signal for October 21, 2015.

Check out the EUR/USD Forex signal for October 21, 2015 here.

The EUR/USD pair tried to rally during the course of the day on Tuesday, but continues to show trouble right around the 1.14 level.

The USD/CHF pair initially fell during the course of the day on Tuesday but found enough support at the 0.95 support level to turn things back around and form a nice-looking hammer.

During the session on Tuesday, the EUR/CHF pair fell initially, testing the 1.08 handle for support. It did in fact find it there, so having said that it appears that the uptrend should continue, and it’s probably only a matter of time before we rally from here.

During the session on Tuesday, the AUD/USD pair tried to rally again. However, just like it did on Monday we could not hang onto the gains. I believe that we are currently consolidating between the 0.72 level, and the 0.74 level.