Forex Daily Forecast, Analysis and Prediction

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

The WTI Crude Oil market fell rather hard during the session on Wednesday, but with the nonfarm payroll number coming out later today it’s hard to believe that the market is ready to make any significant move, at least until it gets the results of that economic report.

The silver markets had a pretty volatile session all things considered during the day on Wednesday, especially considering that the nonfarm payroll number comes out later today.

The EUR/USD pair fell during most of the session on Wednesday, but as you can see found enough support at the 1.3650 level to bounce and form a bit of a hammer.

The TRY/JPY pair initially fell during the session on Wednesday, but found enough support at the 47.50 level in order to form a hammer.

The NZD/USD pair rose during the session on Wednesday, but remains below the vital 0.88 handle. This level has been resistive a couple of times now, but the fact that we continue to press up against it tells me that the market has already made up its mind as far as whether or not it wants to go higher.

Get the USD/JPY Forex Signal for July 3, 2014 here.

Get the GBP/USD Forex signal for July 3, 2014 here.

Get the EUR/USD Forex signal for July 3, 2014 here.

Gold gained against the American dollar for the second time in three days. Get the gold analysis for July 3, 2014 here.

Get the Bitcoin forecast for July 2, 2014 here.

The WTI Crude Oil market did very little during the session on Tuesday, but the one thing that he did do was prove the $105 level to be supportive yet again. Get the crude oil analysis for July 2, 2014 here.

The EUR/USD pair fell from the 1.37 level during the session on Tuesday, an area that has been both support and resistance previously. With this, it appears that the market did in fact chew through some resistance during the day, but did not get above the actual resistance zone.

The USD/JPY pair rose during the session on Tuesday, as the support that I anticipated below did in fact come back into play. This market has been consolidating for some time now, and as a result I think that we are looking at the summer range now.

The AUD/USD pair initially fell during the session on Tuesday, but found enough support below the shoot straight up towards the 0.95 handle. The fact that we broke above the 0.9450 level is in itself a positive sign, but the fact is that the 0.95 level is the top of that resistance area.