Forex Daily Forecast, Analysis and Prediction

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

The markets were finally back at full strength yesterday after the Easter holiday around the world. Gold prices settled lower yesterday, extending losses to another session, as the mild disappointments in U.S. data failed to have a lasting impact on the greenback.

The WTI Crude Oil markets fell rather significantly during the session on Tuesday, breaking below the $103 level and the bottom of the hammer that had formed on Monday.

The EUR/USD pair tried to rally during the session on Tuesday, but as you can see giveback about half of the gains in order to form something along the lines of the shooting star.

The USD/JPY pair fell during the bulk of the session on Tuesday, but found enough support in the region of the 102.40 level to bounce and form a hammer.

The NZD/USD pair rose during the session on Tuesday, breaking above the top of the hammer that had formed on Monday. This of course is a bullish sign and we did closed just above the 0.86 handle, clearing the large, round, psychologically significant number.

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

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

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

Check out the weekly signal for the NZD/JPY pair here.

The XAU/USD pair continued to sink yesterday and touched its lowest level since April 4. However, trading was subdued, as several markets remained closed for the Easter holiday.

The WTI Crude Oil markets fell initially during the session on Monday, but found the $101 level to be supportive enough to push the market back around and form a hammer.

The EUR/USD pair tried to rally at the open on Monday, but as you can see we found far too much in the way of resistance in order to continue going higher.

The USD/CAD pair did very little during the session on Monday, which isn’t a huge surprise considering that the Europeans were celebrating Easter Monday.

The NZD/JPY pair had a slightly negative session on Friday, but with the low liquidity in the marketplace, it’s very difficult to make much out of that particular candle itself.