Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair tried to rally during the course of the day on Tuesday, but as you can see found quite a bit of resistance at the 1.29 handle.

As far as I can see, the GBP/USD pair is starting to show signs of life again to the upside. The market initially sold off during the session on Tuesday, testing the 1.63 level for support.

The USD/JPY pair fell hard during the course of the day on Tuesday, but somewhere near the 108.25 level ended up finding enough support to turn things back around and form a nice-looking hammer.

The AUD/USD pair tried to rally during the session on Tuesday, but found enough resistance near the 0.8950 level to turn things back around and form a shooting star.

The USD/CAD pair initially fell during the course of the day on Tuesday, finding support at the 1.10 level during the middle of the session, and then bouncing significantly in order to form a nice-looking hammer.

Check out the USD/JPY Forex signal for September 24, 2014 here.

Check out the GBP/USD Forex signal for September 24, 2014 here.

Check out the EUR/USD Forex signal for September 24, 2014

The Euro recovered after earlier striking a 14-month low versus the U.S. Dollar after Markit Economics reported a rise in the preliminary readings for Germany’s PMI Reading Services suggesting that the country’s economy may have expanded this quarter, which is especially important as Germany is viewed as the Eurozone’s economic driver.

BTC/USD continues to remain in a strong downtrend post breaking the psychological support zone at $400. The digital currency was unable to sustain at higher levels and closed near the lows of the day in yesterday’s trading session.

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During yesterday's session gold prices initially fell to the lowest level since the beginning of the year but moved back up after the bulls managed to defend the 1208 support level.

Asian stocks pared declines on Tuesday, with a regional index near a four-month low. Copper climbed 0.6 percent as a preliminary gauge of Chinese manufacturing unexpectedly rose. The price of insuring Asian bonds against default increased with precious metals.

The EUR/USD pair tried to rally during the course of the day on Monday, but as you can see really couldn’t hang onto any of the bullish momentum. Because of this, we ended up forming a little bit of a shooting star, which suggests that we could eventually break down.

Silver markets fell rather rapidly during the session on Monday, testing the result of anyone left willing to buy.