Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair went back and forth during the course of the day on Thursday, as we continue to bounce just below the 123 handle. Ultimately, the market should find plenty of support just below, as we recently broke out of significant consolidation.

The EUR/USD pair had a fairly volatile session during the day on Thursday as we continue to bounce around the 1.0750 region.

The NZD/JPY pair fell slightly during the course of the session on Thursday, testing the 80 handle. We bounced from there, and ended up forming a bit of a hammer.

The EUR/CHF pair initially fell during the course of the session on Thursday, but turned back around to form a hammer yet again.

The WTI Crude Oil market fell significantly during the course of the session on Thursday, breaking down below the $42.50 level.

Gold prices fell for a third straight session on Thursday on worries about the possible U.S. rate hike. The XAU/USD pair dipped to a low of 1074.08, a level not seen in more than five years, after dropping through the support in the 1086/2 area put some extra pressure on the market.

Get the NZD/USD Forex Signal for November 12, 2015 here.

Get the AUD/USD Forex signal for November 12, 2015 here.

Get the USD/JPY Forex Signal for November 12, 2015 here.

Check out the USD/CAD Forex signal for November 12, 2015 here.

Check out the USD/CHF Forex signal for November 12, 2015 here.

Get the GBP/USD Forex signal for November 12, 2015 here.

Get the EUR/USD Forex signal for November 12, 2015 here.

The EUR/USD pair initially fell during the course of the session on Wednesday, but bounced enough to form a little bit of a hammer. The hammer of course is a bullish sign but I do not pay too much attention to it.

The USD/MXN pair fell initially during the course of the day on Wednesday, but turned back around near the 16.72 handle.