Forex Daily Forecast, Analysis and Prediction

Check out the EUR/USD Forex signal for August 19, 2015 here.

The USD/CHF pair went back and forth during the course of the session on Tuesday, bringing up against the 0.98 level.

The EUR/GBP pair fell during the Tuesday session, breaking the bottom of the hammer from the Monday session. Because of this, I believe that we will see this market continue to go lower, but I’m not foolish enough to believe that it’s going to be easy going.

The USD/CAD pair initially tried to rally during the course of the day on Tuesday, but as you can see it continues to struggle near the 1.31 handle. Because of this, we ended up forming a shooting star for the day.

The USD/JPY pair initially fell during the course of the session on Tuesday, but found enough support just below the current level to turn things back around and form a hammer.

The GBP/USD pair broke higher during the course of the session on Tuesday, clearing the 1.57 level at one point during the day.

The NZD/USD pair initially fell during the course of the session on Tuesday, but as you can see found enough support to turn things back around and form a hammer.

Gold prices ended Tuesday's session nearly unchanged after shuffling between gains and losses, as investors took a cautious stance ahead of the release of minutes of the Federal Reserve's latest policy meeting and inflation data.

Get the NZD/USD Forex signal for August 18, 2015 here.

Get the USD/JPY Forex signal for August 18, 2015 here.

Get the AUD/USD Forex signal for August 18, 2015 here.

Check out the USD/CHF Forex signal for August 18, 2015 here.

Check out the GBP/USD Forex signal for August 18, 2015 here.

Get the EUR/USD Forex signal for August 18, 2015 here.

Looking at the EUR/USD pair, you can see that we went back and forth during the course of the day on Monday, initially trying to rally but struggled at the 1.1125 level, and then fell enough to form a shooting star.