Forex Daily Forecast, Analysis and Prediction

Get the USD/JPY Forex signal for June 1, 2015 here.

Get the GBP/USD Forex signal for June 1, 2015 here.

Get the EUR/USD Forex signal for June 1, 2015 here.

The EUR/USD pair initially fell during the course of the session on Friday, but found enough buying pressure underneath to turn things back around and slammed into the 1.10 level.

The EUR/CHF pair went back and forth during the course of the session on Friday, testing the 1.03 level for support. The candle that form for the day was somewhat neutral, but at the end of the day what’s more important is the fact that the 1.03 level offered support.

The USD/CAD pair initially rose during the course of the session on Friday, but just as we sold during the Thursday session, sellers came back into the marketplace and pushed the market back down below the 1.25 handle.

The USD/SGD pair initially tried to rally during the course of Friday, but as you can see pulled back in order to form a shooting star. This is the second shooting star in a row, and that of course is very bearish as far as I can see.

Gold prices fell for a second consecutive week but still ended the month with a modest gain of $6.37 an ounce. The market initially rallied all the way to the 1225 area but saw significant selling pressure as the bears came back into the marketplace, and eventually retreated towards the support at 1178.

Get the weekly Forex forecast using quant vs. chart reading strategies for the week of June 1, 2015 here.

The EUR/USD pair has been an absolute mess for some time. Over the course of the last couple of months we have bounced from lows at 1.05, all the way to the 1.15 area.

The USD/JPY pair broke out of a significant ascending triangle during the course of the last couple of weeks, so I think that the next leg higher is on tap.

The AUD/CHF pair fell during the course of the last couple of weeks, and it looks like we are trying to break down below the 0.72 level. That is an area of that if it gets broken, should send this market looking towards the 0.70 handle next, and then the 0.6850 region.

The USD/CHF pair rocketed all the way to the 0.95 handle during the course of the last couple of weeks, but started to see significant selling pressure at that area to form a shooting star on the weekly chart.

The EUR/GBP pair initially fell during the course of the last couple of weeks, but as you can see has found a bit of support at the 0.71 level.

Start the new month of June 2015 with the weekly Forex forecast for the major currency pairs here.