Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil markets rose during the session on Monday, challenging the top of the shooting star that the market had formed on Friday.

The XAU/USD pair fell to a 21-week low of 1217.68 after the U.S. manufacturing data, before recovering slightly to 1222.91. Data released from the Institute for Supply Management showed that the index of national manufacturing activity climbed to 57.3 from 56.4 a month earlier.

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

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

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

The AUD/USD pair tried to rally during the session on Friday, and as you can see did managed to keep some of the gains. However, at the end of the day the pair struggled to go higher, which of course doesn't surprise me considering that we formed a perfect shooting star on Thursday.

The EUR/USD pair tried to rally initially during the session on Friday, but as you can see the 1.36 level continues offer enough resistance to keep the market down.

The WTI Crude Oil markets try to rally during the session on Friday, but as you can see gave back almost all of the gains, especially as we hit the $94.00 handle.

The XAU/USD pair posted first weekly gain in five weeks as market players started covering their short position prior to the U.S. employment data which will be released this week.

Check out what's in store for the EUR/USD pair for the first week of December here.

Check out the updates for signals posted in the month of November, here.

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

Start a new month with the weekly Forex forecast of some of the major pairs here.

The GBP/CHF pair fell during the majority of the session on Thursday, but as you can see bounced enough to form a hammer which suggests to me that the 1.48 level is starting to give way to the buyers.

The USD/CAD pair fell most of the session on Thursday, but I would not read too much into that move, simply because the Americans were away at Thanksgiving, and the Canadian simply would have done much of the same as the liquidity would have dried out of the market.