Forex Daily Forecast, Analysis and Prediction

The XAU/USD pair closed yesterday's session slightly higher than opening after three consecutive days of losses.

The WTI Crude Oil markets fell slightly during the session on Wednesday, but found a bit of support at the $101.50 level.

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 Forex signal for the GBP/USD pair here.

The EUR/USD pair tried to rally during the session on Wednesday, but found the area above the 1.3850 level to be resistive enough to push the market back down.

The NZD/USD pair initially fell during the session on Wednesday, but as you can see got a little bit of a boost towards the end of the day in order to turn things back around and form a hammer.

The USD/JPY pair fell most of the session on Wednesday, but found enough support right around the 102 level in order to bounce and form a hammer area of course his hammer is a significant bullish sign, and the fact that it is that the top of the mini cluster doesn’t exactly hurt the bullish case either.

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

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

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.