Forex Daily Forecast, Analysis and Prediction

Check out the Forex signal for the EUR/USD pair here.

The XAU/USD closed yesterday's session slightly higher than opening as declines in the major stock markets lured some investors back to safety of gold.

The WTI Crude Oil markets rose during the session on Tuesday, after falling below the $102 level and testing it for support.

The EUR/USD pair fell during the course of the session on Tuesday, breaking below the 1.37 level at one point in time. However, we found enough support to push the market back up and form a hammer, which under normal circumstances would be rather supportive.

Check out the Forex signal for the USD/JPY pair here.

Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the EUR/USD pair here.

Although XAU/USD pair tried to climb yesterday, the bulls run out of gas and failed to break through the descending trend line which the market has been following recently.

The WTI Crude Oil markets rose during the session during Monday, and as a result the markets look as if they are getting ready to continue higher.

The EUR/USD pair tried to rally during the session on Monday, using the 1.37 level as a springboard. This is an area that’s been pretty supportive, and as a result the Euro of course got a little bit of a bid during the day.

The USD/CAD pair initially fell during the session on Monday, but as you can see we ended up bouncing enough to form a hammer based upon the 1.0850 level. This is an area that has been rather supportive recently, not to mention the fact that we had formed a fairly supportive looking candle last week.

Check out the weekly signal for the GBP/JPY pair here.

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So far this month, some of the biggest moves in the forex markets have been tied to the Euro. The EUR/USD had previously posted a steady advance toward the 1.40 mark but changing central bank expectations led to sharp bearish reversals.

Although the XAU/USD pair settled lower on the last trading day of the week, the weekly candle was slightly positive. Gold prices rose 0.3% over the course of the week while the market remained within the last 4 weeks trading range.