Forex Daily Forecast, Analysis and Prediction

Get the trading week started with this Bitcoin/USD technical forecast for July 6, 2014 here.

Get the weekly Forex forecast for some of the major currency pairs for the week of July 6, 2014 here.

The WTI Crude Oil markets gapped to the downside during the session on Thursday, but found enough support at the $104 level to cause the market to form a little bit of a neutral candle.

The GBP/USD pair initially fell during the session on Thursday, but as you can see the 1.71 level has offered enough support to turn the market back around and form a nice-looking hammer.

Gold prices (XAU/USD) ended yesterday’s session with a loss as strength in global equities and the American dollar helped draw investors away from the shiny metal.

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The WTI Crude Oil market fell rather hard during the session on Wednesday, but with the nonfarm payroll number coming out later today it’s hard to believe that the market is ready to make any significant move, at least until it gets the results of that economic report.

The silver markets had a pretty volatile session all things considered during the day on Wednesday, especially considering that the nonfarm payroll number comes out later today.

The EUR/USD pair fell during most of the session on Wednesday, but as you can see found enough support at the 1.3650 level to bounce and form a bit of a hammer.

The TRY/JPY pair initially fell during the session on Wednesday, but found enough support at the 47.50 level in order to form a hammer.

The NZD/USD pair rose during the session on Wednesday, but remains below the vital 0.88 handle. This level has been resistive a couple of times now, but the fact that we continue to press up against it tells me that the market has already made up its mind as far as whether or not it wants to go higher.

Get the USD/JPY Forex Signal for July 3, 2014 here.

Get the GBP/USD Forex signal for July 3, 2014 here.

Get the EUR/USD Forex signal for July 3, 2014 here.

Gold gained against the American dollar for the second time in three days. Get the gold analysis for July 3, 2014 here.