Forex Daily Forecast, Analysis and Prediction

The EUR/JPY pair fell during the course of the day on Tuesday, testing the 138 handle for support. We did bounce a little bit from there, and as a result it looks like the buyers could step in this general vicinity.

The GBP/USD pair fell initially during the session on Tuesday, but just as we had seen this pair to during the Monday session, we ended up bouncing and forming a nice-looking hammer.

Gold prices ended slightly lower Tuesday on technical selling and signs of stabilization in the risk environment.

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The EUR/USD pair fell during the bulk of the session on Monday, testing the 1.18 level for support. That area is a massive amount of support just waiting happen, based upon the monthly chart.

Get the USD/JPY Forex signal for January 13, 2015 here.

Get the EUR/USD Forex signal for January 13, 2015 here.

The GBP/USD pair as you can see initially fell during the course of the session on Monday, but found enough support below to bounce and form a nice-looking hammer.

The USD/INR pair has been extraordinarily positive for some time now, but we have recently broken down below a fairly significant trend line as far as I can see.

The NZD/USD pair broke down during the session on Monday, testing the 0.7750 level. We did have a little bit of support in this area, keeping this market somewhat afloat.

The USD/CAD pair broke out to the upside during the session on Monday, as the oil markets fell apart yet again.

Gold prices rose for a second-straight session to settle at their highest level since November 22 as heightened risk aversion, weaker American dollar and strong physical demand in Asia combined to lift the market.

Get the EUR/USD weekly Forex signal for January 12, 2015 here.

Get the USD/JPY Forex signal for January 12, 2015 here.

Check out the Forex signal for the GBP/USD pair here for January 12, 2015 here.