Forex Daily Forecast, Analysis and Prediction

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

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

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

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

The XAU/USD pair initially fell during yesterday’s session but bounced enough to close just above the 1337 support level where the Fibonacci 61.8 retracement level and Kijun-sen (twenty six-day moving average, green line) on the daily chart coincide.

The WTI Crude Oil markets fell during the session on Monday, testing the $101 level for support. This area of course has been supportive in the past, as well as resistance.

The EUR/USD pair went back and forth during the session on Monday, essentially settling nothing. This market could be looked at in several different ways, but I’m choosing to look at it from a longer-term perspective.

The USD/JPY pair initially fell during the session on Monday, but as you can see found enough support below the 103 level in order to turn things back around and form a hammer.

The EUR/JPY pair did very little during the session on Monday, but he did remain above the 143 level, which was the most important thing for me.

The NZD/USD pair fell most of the session on Monday, but as you can see bounced enough to form a hammer. This of course is a bullish sign, but we have a shooting star the day before so that tells me that there is more or less a bit of confusion.

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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.