Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil markets fell during most of the session on Friday, but as you can see bounced hard enough to form a hammer. Over the last five sessions, we have seen four hammers and one shooting star.

The EUR USD pair rose during the session on Friday, but as you can see stalled at the 1.37 handle. This doesn’t surprise me too much, this is been a resistive barrier for the last two months, but I look at it as the beginning of a “thick zone”, as I see resistance all the way to the 1.38 handle.

The USD/CAD pair fell during most of the session on Friday, but as you can see found enough support just at the 1.09 level to bounce and form a nice-looking hammer. This hammer is shaped perfectly, and sits just below the vital 1.10 level.

The GBP/USD pair rose during the session on Friday, finally breaking out well above the 1.6650 level. Because of this, I feel that this market is ready to go to its next natural target, the 1.70 level.

Check out the weekly Forex forecast for some of the pairs here.

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

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

Since early 2012, volatility in this pair has declined dramatically, making it harder to trade profitably. This was quite a change as during 2010 and 2011, EUR/USD was one of the most volatile pairs.

The XAU/USD pair continued to climb on Thursday after the bulls managed to break through the 1293 resistance level.

The WTI Crude Oil markets fell during the bulk of the session on Thursday, but found enough support below the $100 level to turn around and form a hammer.

The EUR/USD pair rose during the session on Thursday, breaking the top of the previous session highs from Wednesday, and even more impressively breaking the top of the shooting star from the Tuesday candle.

The USD/JPY pair fell during the session on Thursday, but bounced hard enough to form a hammer by the end of the day. The market seems to be finding a lot of support at the 102 level, and this level continues to be one of interest for me.

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

Today the gold market remains steady during the Asian session as most investors are waiting for the U.S. retail sales and unemployment claims data which will be released later today.

The WTI Crude Oil markets rose during the session initially on Wednesday, but as you can see the area above the $101 level was a bit too resistive, and therefore push the market back down.