Forex Daily Forecast, Analysis and Prediction

Our total trading profits for June totaled 175 pips as three trades were closed for a profit of 625 pips while three trades were closed for a loss of 450 pips. Get the updates here.

The WTI Crude Oil markets fell during the course of the day on Monday, but for the second session on a road found enough support at the $101 level to turn things back around and form a hammer.

The USD/NOK pair initially fell during the course of the day on Monday, but as you can see the 6.20000 level cost enough support for the market to bounce and form a nice-looking hammer.

The EUR/CHF pair is one that has been neglected and ignored by most of you out there. What frankly, it’s not really a big surprise as this market has been very difficult to be excited about for some time.

The NZD/USD pair initially gapped higher at the open for the week, but as you can see the Monday session then turn things back around and we fell. However, the market did find support below, and we ended up forming a hammer.

The GBP/JPY pair had a slightly positive session on Monday, but as you can see we are still simply meandering around the 173 level.

The XAU/USD pair (Gold vs. the American dollar) closed yesterday's session with a loss as caution set in ahead of high impact economic data releases this week.

According to the analysis of the GBP/USD and crude oil, trader profited on a binary options trading platform. See how here

Bitcoin continues to drift lower post the resignation of Barry Silbert as the CEO of SecondMarket.

The XAU/USD pair (Gold vs. the American dollar) scored a gain of 1.05% on Friday after the bulls managed to push prices above the $1297 resistance level.

The WTI Crude Oil markets fell initially during the session on Friday, but found in support of the $101 level to turn things back around.

This is one of my favorite pairs, the TRY/JPY. This is because it pays such a nice swap, and in an environment where there is almost no yield, that of course will attract a certain amount of money regardless.

The GBP/USD pair fell during the session again on Friday, as we have cleared the 1.70 level to the downside. However, I see a significant amount is for all the way down to the 1.69 handle, and it is not until we get below there that I’m considering selling this pair.

The EUR/GBP pair fell during the day on Friday, continuing the bearish pressure that we have seen for some time. Quite frankly, I feel that the market breaking below the 0.80 level was in fact significant, and as a result I believe that we have started the next leg lower.

The CAD/JPY pair fell during the session on Friday, as oil markets dropped concurrently. We have now found the support at the 94 handle, an area that as you can see is plainly marked on this chart as both support and resistance previously.