Forex Daily Forecast, Analysis and Prediction

EUR/USD rose during the session on Tuesday initially, but as you can see found far too much in the way of resistance at the 1.37 level, thereby turning back around and forming a shooting star.

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

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

The XAU/USD pair rose for a fourth consecutive day as the conditions in the marketplace have increased investors’ appetite for the precious metal as an alternative investment. Gold closed the day at $1274.59 an ounce and this is the highest settlement since November 18.

The WTI Crude Oil markets initially fell during the session on Monday, but as you can see found support at the $99 handle in order to bounce and form a hammer.

The EUR/USD pair rose during the session on Monday, but remained relatively close to where we closed on Friday. After all, we did gap lower at the open, albeit just slightly. With that, it appears that there was a bit of sluggishness when it comes to positivity involving the Euro.

The USD/JPY pair fell during the session on Monday, testing the 102 level. This area has been supportive in the past, and most interestingly it has shown a hammer for the session on Friday.

The GBP/CHF pair fell during the session on Monday, but as you can see still remains in the same general area that we have been in for some time now. This last week has been very back and forth, with nothing to move the pair in one direction or the other.

The USD/CAD pair initially fell during the session on Monday, but bounced enough to form a little bit of a hammer. What I find most interesting is that the 1.10 level continues to offer support, and thereby making it even more significant in my opinion.

According to the analyses of the EUR/USD and GBP/USD pairs, trader profited on a binary options trading platform. See how here.

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

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

Check out the weekly signal for the EUR/CAD pair here.

EUR/USD recovered from 1.3476 last week but as mentioned before, it's still kept inside a near term falling channel, and well below 1.3739 resistance.

Gold prices rose %1.9 over the course of the week as dull economic numbers out of the United States and skepticism about the sustainability of the stock market rally increased desire for the relative safety of gold.