Forex Daily Forecast, Analysis and Prediction

According to the analyses of the USD/JPY and GBP/USD pairs, trader profited on a binary options platform. See how here.

Gold traded as high as 1245.24 during yesterday's session but pulled back to the 1225 level, which was the previous resistance, after a report released from the Commerce Department revealed that the U.S. trade deficit shrank more than forecasts.

The WTI Crude Oil markets had a slightly positive session on Tuesday, as the $94 level continues to be a magnet for price as it had been back during the month of November. The shape of the candle doesn’t say much, but it does look mildly supportive.

The EUR/USD pair had a slightly negative session on Tuesday, but as you can see we are essentially hanging around the 1.36 handle. I believe that this area is going to be supportive, and I don’t think that the pair will fall much lower, at least between now and the nonfarm payroll numbers.

The GBP/USD pair fell slightly during the session on Tuesday, but as you can see found enough support below in order to signify that the 1.64 level is indeed going to continue to offer buyers in this market.

The USD/JPY pair managed to rally during the session on Tuesday, reclaiming the losses that we had seen in the market on Monday. That being the case, we are still below the 105 level, and that seems to be a magnet for price right now.

The AUD/USD pair fell during the session on Tuesday, showing that the 0.90 level, and just below that area, is continue to offer resistance. This resistant candle looks like a market waiting to continue falling, but at the end of the day I believe that the real move will probably come in reaction to the nonfarm payroll numbers.

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.

According to the analyses of the GBP/USD and USD/JPY pairs, trader profited on a binary options platform. See how here.

The XAU/USD pair closed yesterday's session slightly higher than opening as the weakness in the dollar lured some investors back into the market. The XAU/USD pair has been resilient to the bears' attacks over the last couple of days and as a result we saw prices rising to the highest levels since December 17.

The WTI Crude Oil markets fell slightly during the session on Monday, testing the $93 level. However, the area offered support and the market down slightly higher as it did back during the month of November several times.

EUR/USD had a slightly positive session on Monday, testing the 1.3650 level but pulling back slightly at the end of the day.

The USD/JPY pair fell during the bulk of the session on Monday, testing the 104 level. This area has been supportive in the past, so it makes sense that we would see a little bit of a bounce from it at the end of the session.