Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair fell yet again during the session on Tuesday, this time crashing into the 1.34 region. Get the full analysis for July 30, 2014 here.

The NZD/USD pair fell during the course of the day on Tuesday, slamming into the 0.85 handle. Not only that, but we broke the back of the candle that had formed for Monday, which of course was a supportive looking hammer.

The US Dollar Index rose during the session on Tuesday, using the 81 handle as a bit of a springboard to go higher. As you can see on the chart, I have drawn a “neckline” in this potential inverted head and shoulders pattern.

The USD/NOK pair broke higher during the session on Tuesday, just as I suspected that it very well could have in yesterday’s column. Get the analysis for July 30, 2014 here.

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After breaking from the near-month long narrow trading range, BTC/USD has formed a triangle formation and is trading within a new range. Get the Bitcoin outlook for July 29, 2014 here.

Get the weekly signal for the EUR/GBP pair for July 29, 2014

Our total trading profits for June totaled 175 pips as three trades were closed for a profit of 625 pips while three trades were closed for a loss of 450 pips. Get the updates here.

The WTI Crude Oil markets fell during the course of the day on Monday, but for the second session on a road found enough support at the $101 level to turn things back around and form a hammer.

The USD/NOK pair initially fell during the course of the day on Monday, but as you can see the 6.20000 level cost enough support for the market to bounce and form a nice-looking hammer.

The EUR/CHF pair is one that has been neglected and ignored by most of you out there. What frankly, it’s not really a big surprise as this market has been very difficult to be excited about for some time.

The NZD/USD pair initially gapped higher at the open for the week, but as you can see the Monday session then turn things back around and we fell. However, the market did find support below, and we ended up forming a hammer.

The GBP/JPY pair had a slightly positive session on Monday, but as you can see we are still simply meandering around the 173 level.

The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session with a loss as caution set in ahead of high impact economic data releases this week.

According to the analysis of the GBP/USD and crude oil, trader profited on a binary options trading platform. See how here