Forex Daily Forecast, Analysis and Prediction

The Kiwi is at its strongest level ever against the British Pound. This comes as a result of a relatively constant and steady increase in value in the Kiwi Currency combined with a faltering Pound...and now takes us into completely uncharted territory just like Captain Kirk & Jean-Luc Picard.

Begin your day on a high with this Forex signal for the AUD/CAD pair that is currently trending upward brought to you by the experts at BNRY for DailyForex.com

Gold gained some ground against the greenback and covered Monday's losses as mounting tension in the Korea region bolstered the precious metal's safe haven appeal. Gold prices are also supported by growing expectations the central bank of the United States will keep buying assets to hasten economic recovery for the foreseeable future.

The WTI Crude Oil market had a back and forth session on Tuesday, essentially focusing on the $94.00 level. At the end of the session, we have the third the green candle in a row, and it does appear that the bullish case for a breakout above the $94.50 level is starting to gain some strength.

The EUR/USD pair had a strong showing during the Tuesday session, as we initially dipped down to the 1.30 level, but had plenty of buying at that area to push market higher. By the end of the session, we closed just below the 1.31 handle, and above the 50 day exponential moving average.

The AUD/USD pair had a strong showing on Tuesday, breaking all the way up to the 1.05 level again. However, by the end of the session we did pullback a little bit as the 1.05 level offered far too much resistance.

The USD/JPY pair had a fairly weak showing during the Tuesday session, as the 100 level is just above. By the end of the session, we ended the market just above the 99 handle, and had formed a hammer.

The AUD has staged a massive recovery this week against the US Greenback and is now testing a critical resistance level at 1.5000. Depending on how you look at it, the pair has either already broken, or is about to break a Weekly descending trend line.

According to the analysis of the NZD/USD and EUR/USD trader profited on a binary options platform.

Ben Bernanke’s comments coupled with the lack of changes to the ECB’s benchmark interest rate last week have seen the Euro climb back from multi-month lows to above the 1.30 handle. Get the full analysis here.

It seems like everyone is the FX world has been concentrating on two main themes in the last few weeks: Cyprus and Japan. The consequences to the EUR from the unfolding of the crisis in Cyprus are yet to be fully determined because, as bad as things are there, is a minor economy in terms of size.

The EUR/GBP pair is trending upward and the experts at BNRY have all the information you need with this Forex signal. Get the stop-loss now.

Gold prices (XAU/USD) fell yesterday as the initial rally faded after the bulls run out of steam around the 1585 resistance level. Prices have been bearish during the Asian session today but I will be keeping an eye on the 1572/0 support zone.

The WTI Crude oil market had a positive session on Monday, confirming that the $93.00 level was in fact going to offer support. As you look at this chart, you can see that this area has been supportive in the past, so it makes sense that it returns to be now.

The EUR/USD pair stalled a bit during the session on Monday, essentially going nowhere. We hovered around the 1.30 level, an area that I suspect it would be resistive yet again, which of course proved to be so during the session.