Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil markets rose during the session on Tuesday, testing the $102 level, which was the initial target that I had set.

The EUR/USD pair fell hard during the session on Tuesday, testing the 1.37 level. The 1.37 level did in fact told support though, and as a result it has caught my attention.

The cable pair fell during the session on Tuesday, testing the 1.68 level. This area has been resistance in the past, so now I suspect that the market should offer support.

The EUR/JPY pair tried to rally during the session on Tuesday, but as a result of selling pressure, we ended up falling back down towards what I am starting to see as a potential trend line.

The USD/CHF pair rose during the session on Tuesday, testing the 0.89 handle. I believe that if we can break above the shooting star that formed in the beginning of April, this pair should go much higher.

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 weekly Forex signal for the EUR/GBP pair here.

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

The XAU/USD pair (Gold vs. the American dollar) settled higher yesterday, marking the first rise in five trading sessions, as geopolitical concerns helped prices regain their footing.

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.

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The XAU/USD declined 1% for the week as the conditions in the marketplace dulled desire for safe haven diversification. The latest reports released from the Unite States provided further evidence that the labor market and economy are strengthening.