Forex Daily Forecast, Analysis and Prediction

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

The WTI Crude Oil markets fell during the session on Tuesday, slicing through the $100 level. However, we’re not completely through the support yet, so I am not comfortable shorting.

The EUR/USD pair fell during the session on Tuesday, but found enough support below in order to turn things back around and form a little bit of a hammer.

The GBP/USD pair fell during the bulk of the session on Tuesday, but as you can see found enough support just below the 1.66 level to turn things back around and form a candle looks somewhat like a hammer.

The NZD/USD pair had a positive session initially during the day on Tuesday, but as you can see failed at the 0.85 level again. However, there is also a hammer from the Monday session, which tells me that the market is probably trying to catch its breath here before making a serious attempt to break out to the upside.

The USD/CAD pair initially fell during the session on Tuesday, but found enough support below the 1.11 level to turn things back around and form a hammer.

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.