Forex Daily Forecast, Analysis and Prediction

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

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

Gold prices settled lower yesterday, extending losses from Friday's session, as easing concerns surrounding Ukraine and Russia and signs of stabilization in the equities markets lured some investors away from the precious metal.

Get the GBP/CHF weekly Forex signal for August 12, 2014 here.

The WTI Crude Oil markets fell during the open on Monday as we gapped lower and just sat there. Essentially, the market has absolutely nothing driving it at the moment, as we continue to consolidate and a very choppy area of the charts.

The EUR/USD pair fell during the session on Monday, as we continued the sideways overall movement that we’ve seen in this market. I believe that this market should continue to find plenty of bearish pressure in general, and as a result I am still looking sell rallies.

The silver markets as you can see had a slightly positive session on Monday, breaking above the $20.00 level during the day. However, you can see that the selling pressure arrived later in the day, pushing the market back down below that level.

The EUR/CAD pair fell during the session on Monday, as we hit a massively negative downtrend line. That downtrend line continue to push the market lower, and as a result the move is one that could be expected.

The EUR/CHF pair fell again during the session on Monday, but as you can see we continue to find support somewhere near the 1.2135 area.

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Get the GBP/USD Forex signal for August 11, 2014 here.

Get the EUR/USD Forex signal for August 11, 2014 here.

The XAU/USD pair initially rallied during the session on Friday -after the U.S. launched an air strike against militants in Iraq- but pulled back as sellers stepped in around the key resistance level of $1324. U.S. stocks also rose, giving less reason for investors to buy gold, on news that Russia was ending military drills near the Ukrainian border.

The EUR/USD pair found support during the day on Friday near the 1.33508 handle, and then bounced in order to form a fairly positive candle.

The EUR/GBP pair rose during the course of the session on Friday, breaking higher and heading to the 0.80 level. This is an area of significant resistance as far as I can see, and as a result I think that buying here is going to be difficult as the market has a significant amount of resistance all the way to the 0.8050 level.