Forex Daily Forecast, Analysis and Prediction

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

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

The EUR/USD pair try to rally during the session on Wednesday, but as you can see the 1.38 level offered far too much in the way of resistance.

The NZD/USD pair fell during the bulk of the session on Wednesday, but as you can see we’re still above the 0.85 handle, an area that I have thought for some time to be rather supportive.

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Gold prices continued to fall yesterday as the bulls failed to overcome the resistance level at 1289. Gold traded as low as $1277.60 an ounce after figures released from the Institute for Supply Management showed that its index of manufacturing activity climbed to 53.7 from 53.2 a month earlier.

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

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

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

The WTI Crude Oil markets fell during the session on Tuesday, breaking well below the $100 level by the end of the day.

The EUR/USD pair broke above the highs from the Monday session on Tuesday, but as you can see found hanging onto the gains to be a bit difficult by the end of the day. We didn’t quite form a shooting star, but this candle suggests to me that we are still looking at a market that is going to struggle to go much higher.

The CAD/JPY pair broke higher during the session on Tuesday, and cleared the top of the shooting star for Monday, which of course is a very bullish sign.

The USD/CAD pair fell during the session on Tuesday, but as you can see found the 1.10 level to be supportive enough to keep the market somewhat afloat.

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

The XAU/USD pair continued to sink yesterday and hit its lowest level since February 11.