Forex Daily Forecast, Analysis and Prediction

Gold prices rose for a second straight session on Thursday and reached their highest level since April 15 as weakness in the American dollar and intensifying unrest from Iraq to Ukraine buoyed the metal’s safe-haven appeal.

The WTI Crude Oil markets fell during most of the session after initially gapping higher on Thursday. The market bounced off of the $105 level, which of course was the site of a massive breakout from the ascending triangle, and with that I feel that the market bouncing from here and forming a hammer suggests that we will continue to go higher.

The silver markets had an absolutely explosive session on Thursday, slicing through the $20 level like it wasn’t even there. That area has been rather resistive, but recently I have been pointing out that it appears the market is trying to build up enough momentum to breakout.

The EUR/USD pair rallied during the majority the session on Thursday, but found the 1.36 level to be a bit resistive, and pull back from the highs in order to form a fairly nice-looking shooting star.

The AUD/USD pair initially shot higher during the day on Thursday, but found enough resistance above at the 0.9450 area to turn things back around and form a shooting star.

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

Get the latest on Bitcoins with this forecast for June 19, 2014 here.

The XAU/USD pair closed yesterday’s session higher than opening after two consecutive days of losses. Gold strengthened against the American dollar after the U.S. Federal Reserve said that it will keep rates low for considerable time.

The WTI Crude Oil markets fell during the session on Wednesday, as we continue to drop in value. However, the $105 level below should continue to be supportive as it was the resistance from the top of the ascending triangle, which should now offer buyers as the market has clearly shown itself to be bullish.

The silver markets initially fell during the session on Wednesday, but as you can see found the hammer from the Tuesday session supportive enough to push the market higher. Get the full Silver analysis for June 19, 2014 here.

The EUR/USD pair rose during the course of the session on Wednesday, as the Federal Reserve looks set to continue with low rates for the near-term. Get the full analysis for June 19, 2014 here.

The NZD/USD pair broke higher during the session on Wednesday, breaking above the recent and extraordinarily tight consolidation area that we have been in. This represents real strength reentering the market, and that means that we should ultimately breakout above the 0.8750 level.

Check out the USD/JPY Forex signal for June 19, 2014 here.

Check out the GBP/USD Forex signal for June 19, 2014 here.

Get the EUR/USD Forex signal for June 19, 2014 here.