Forex Daily Forecast, Analysis and Prediction

The USD/CAD pair fell slightly during the session on Friday, continuing to grind sideways as the pair typically does.

The AUD/CAD pair rose during the session on Friday, bouncing off the 0.9750 level again. This is an area of consolidation and I find interesting, simply because we have the Australian dollar looking like it's trying to find support against the US dollar, then this market does tend to mirror that one.

The WTI Crude Oil markets continue to look a bit weak overall, as the market seems to be content sticking around the $94 level. This area looks as if it could be a bit of accumulation, or possibly the calm before the storm so to speak, as we go lower.

Gold settled at $1287.95 an ounce on Friday, as investors decided to take some of profit off the table prior to the release of the Federal Open Market Committee meeting minutes.

The chart shows clearly that there has been a bullish breakout of the long-term triangle. The last two weeks have produced very bullish candles following the bullish reversal candle of three weeks ago.

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

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

The AUD/CAD pair fell during the session on Thursday, testing the bottom of the hammer that had formed on Wednesday.

The GBP/JPY markets rose during the session on Thursday, slicing through the 160 handle without much fanfare.

The AUD/USD pair fell during the session on Thursday, continuing to consolidate right around the 0.93 handle.

The EUR/USD pair fell from the 1.35 handle again, showing that the area is in fact going to be rather significant resistance.

The WTI Crude Oil markets fell during the majority of the session on Thursday, but as you can see the $92.50 level offered enough support to push this market up and form a hammer.

The XAU/USD pair closed yesterday's session higher than opening as the American dollar lost ground after the U.S. trade balance and weekly unemployment claims data missed expectations.

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

The GBP/USD pair rose during the session on Wednesday, slicing through the 1.60 handle yet again. While this number is a large significant number, it has been pierced several times so I don't feel as much trepidation in this region as I once did.