Forex Daily Forecast, Analysis and Prediction

Check out where the NZD/USD pair is headed this upcoming quarter with the Forex forecast here.

Check out where the USD/CAD pair is headed for the next quarter with this Forex forecast here.

Check out where the GBP/USD pair is headed in the upcoming quarter with this Forex forecast here.

Check out where the EUR/GBP pair is headed in the upcoming quarter with this Forex forecast here.

Check out where the USD/JPY pair is headed in the upcoming quarter with this Forex forecast here.

The XAU/USD pair printed another bearish candle yesterday as improving U.S. economic data dulled the precious metal’s safe-haven appeal.

The EUR/USD pair fell during the session on Thursday, testing the 1.37 region. That area offered support, but it does look like the markets going to try to break through and below that specific area.

The GBP/CHF pair rose during the session on Thursday, slamming into the 1.4750 level again. This is an area that was once massively supportive, so that being the case I believe that we will see a significant amount resistance in this general vicinity.

The NZD/USD pair rose during the session on Thursday, breaking above the 0.8650 level. That being the case, I believe that this market continues to go much higher, ultimately claiming the 0.90 handle, a long-term target that I have been watching ever since we broke above the 0.85 handle.

The USD/CAD pair fell hard during the session on Thursday, as we start heading towards the 1.10 level. This level is massively supportive in my opinion, and I believe it extends all the way down to the 1.09 handle.

The USD/JPY pair rose during the session on Thursday, recapturing most of the losses from the Wednesday session. With that being the case, we feel that the market could continue to go higher, but recognize the fact that we have essentially been in some form of consolidation for quite some time now.

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The XAU/USD pair closed lower than opening on Wednesday as the American dollar gained some traction after the durable goods orders and flash services PMI figures came in slightly better than expected.

The WTI Crude Oil markets rose during the session on Wednesday, but most importantly closed above the $100 level. This is an area that has caused quite a bit of trouble for the WTI Crude Oil markets recently, and closing above it is in fact as far as I can tell a positive sign.

The EUR/USD pair fell during the session on Wednesday, but remains well within the consolidation area that we have seen over the last week or so.