Forex Daily Forecast, Analysis and Prediction

Get the GBP/USD Forex signal for August 14, 2014 here.

Get the EUR/USD Forex Signal for August 14, 2014 here.

In the last 24 hours, Bitcoin prices has hit new volatility levels unseen for a while, recording a drop of more than 3% to test levels as low as $570, before recouping marginally.

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The XAU/USD pair closed Tuesday's session higher than opening after two consecutive days of losses. The pair tried to climb above the 1318 resistance level but the bears stepped in and increased pressure.

The WTI Crude Oil markets initially fell during the course of the day on Tuesday, but we have found support near the day $6.50 level again. This is an area that has been supportive lately, so I believe that the market should continue to meander around this general vicinity.

The EUR/USD pair fell during the majority of the session on Tuesday as you can see, finding support right around the 1.3330 level for or the third time in the last week.

The platinum markets gapped lower at the open on Tuesday, and then turned back around to fill that very same gap. The fact that we fell down from that area and formed a shooting star suggests that the market is probably going to weaken from here as well, but ultimately I feel that the trend line on the chart suggests that the $1450 level is about as low as the platinum market is ready to go.

The NZD/USD pair fell initially during the session on Tuesday, testing the 0.84 level. This area has been supportive in the past, and it does not surprise me that we formed a hammer for the day showing more support as well.

The EUR/GBP pair fell during the session on Tuesday, continuing the negativity that we have seen for months now. However, recently we have seen a little bit of a pullback in the downtrend, and a test of the 0.80 resistance barrier.

Check out the USD/JPY Forex signal for August 13, 2014 here.

Get the Forex signal for the GBP/USD pair for August 13, 2014 here.

Get the EUR/USD Forex signal for August 13, 2014 here.

BTC/USD on the daily charts broke below the lower end of the triangle formation which is seen as a bearish sign on the back of good volumes. Post the breakdown we see the next level of support for the digital currency at around $543.

Get the USD/JPY Forex signal for August 12, 2014 here.