Forex Daily Forecast, Analysis and Prediction

The NZD/USD pair fell significantly on Wednesday but found enough support near the 0.66 level to bounce and form a nice-looking hammer. The hammer of course is a very bullish sign and probably one of the most positive candle sticks you can find.

The EUR/CAD pair fell significantly during the session on Wednesday, as we continue the downtrend formation. Recently, I have suggested that we have broken below a significant support level, and it now looks as if we are going to continue to the downside.

During the session on Wednesday, the AUD/SGD pair ended up falling significantly at the beginning of the day only to turn back around and form a nice-looking hammer.

Gold prices declined $11.01 an ounce yesterday as a strong rally in the U.S. dollar pushed prices down.

Get the NZD/USD Forex signal for October 28, 2015 here.

Check out the AUD/USD Forex signal for October 28, 2015 here.

Check out the USD/JPY Forex signal for October 28, 2015 here.

Get the Forex signal for the USD/CAD pair for October 28, 2015 here.

Get the USD/CHF Forex signal for October 28, 2015 here.

Get the GBP/USD Forex signal for October 28, 2015 here.

Check out the EUR/USD Forex signal for October 28, 2015 here.

Gold prices edged slightly higher on Tuesday, putting an end to four-session streak of declines, as the U.S. dollar weakened after a series of economic data out of the world's largest economy disappointed the markets.

During the session on Tuesday, the EUR/USD pair initially tried to rally but fell again as the market simply cannot build up enough momentum to continue going higher.

During the session on Tuesday, the WTI Crude Oil market finally broke well below the $44 level, showing that continued weakness should be what we see.

The USD/CAD pair had a very strong session on Tuesday, breaking well above the 1.32 level and closing towards the top of the range for the day.