Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil markets tried to rally during most of the session on Tuesday, but as you can see found far too much in the way of resistance of the $100.50 level, an area that has been a bit of an enigma to buyers lately.

The EUR/USD pair rose during the session on Tuesday, as the German economic numbers came in a bit better than anticipated. The Services PMI reading was stronger than anticipated, and as a result the Euro jumped.

The GBP/USD pair rose during the session on Tuesday, slamming into the 1.70 level. This candle was bullish also, and as a result the market is certainly positive overall.

The USD/CAD pair fell pretty hard during the session on Tuesday, testing the very lower levels of the consolidation area that we have been in for some time.

Check out the weekly signal for the NZD/USD pair here.

The XAU/USD pair rose for a second-straight session to settle at their highest level since April 15, as separatist unrest in eastern Ukraine buoyed the precious metal’s safe-haven appeal.

The EUR/USD pair did very little during the session on Monday, as we continue to hover just below the 1.39 handle.

The USD/CAD pair initially rose during the session on Monday, but as you can see the 1.10 level offered enough resistance to keep the market somewhat down.

The USD/JPY pair fell initially during the session on Monday, but found enough support below to turn things background inform a hammer.

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Learn how the EUR/USD pair did in the month of April with this Forex signals recap here.

Gold gained ground for the first time in five days against the American dollar as geopolitical concerns returned to the forefront after the government in Ukraine launched a military operation to regain control of the eastern portion of the country and the United Nations held an emergency meeting.

The WTI Crude Oil markets rose during the session on Friday, breaking above the $100 level by the time the session closed. Because of this it appears that the market is ready to go higher, and I recognize that a move above the $100 level is in fact significant.

The EUR/USD pair initially fell during the session on Friday as the nonfarm payroll numbers came out much stronger than anticipated in America. However, the market looked upon the numbers with suspicion as they rightfully should.

The GBP/USD pair fell during most of the session on Friday, but found enough support at the 1.68 handle to turn things back around and form a hammer. This area was a significant area of consolidation during the last couple of weeks, so it’s not a big surprise.