Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair fell hard during the session on Monday, as the 1.65 level offered quite a bit of resistance yet again.

Check out the weekly signal for the AUD/USD pair here.

Check out the signal for the USD/JPY pair here.

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

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

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

Check out the signal for the USD/JPY pair here.

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

For the third week in a row, the XAU/USD pair settled higher than opening. The XAU/USD pair traded as high as 1248.85 as the American dollar lost some strength after economic data out of the United States came out weaker than expected.

The WTI Crude Oil markets rose during the session on Friday, but as you can see the markets gave back quite a bit of gains by the time the market close. This is probably because of the nonfarm payroll numbers come out so weak.

The EUR/USD pair initially fell during the session on Friday, but as you can see bounced off the 100 day EMA as it provided dynamic support. This market continue to go higher from this point in time, mainly predicated upon the nonfarm payroll numbers coming out weaker than anticipated in the United States.

The USD/CAD pair rose again during the session on Friday, boosted mainly upon the weaker than anticipated Canadian jobs numbers. The nonfarm payroll numbers out of the United States were weak as well, but they were the “lesser of two evils”, if you will.

The GBP/USD pair initially fell hard during the session on Friday, but as you can see based upon the daily candle, the market got quite a boost later and shot straight higher. The resulting candle is a hammer, and it is sitting underneath the 1.65 level.

Check out the weekly Forex forecast for some of the major pairs here.