Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair fell during the course of the session on Friday, but found support just below the 0.94 level, an area which of course has been resistive in the past. Get the full analysis for June 16, 2014 here.

Get the USD/JPY Forex signal for June 16, 2014 here.

Get the Forex signal for the GBP/USD pair for June 16, 2014 here.

Get the EUR/USD Forex signal for June 16, 2014 here.

Get the weekly forecast for some of the major Forex pairs for the week of June 16, 2014 here.

Gold continued to gain ground against the American dollar during Friday's session and closed the week at $1276.68 an ounce, the highest level since May 28. Learn where the XAU/USD pair is headed over the next 30 days here.

After three consecutive days of gains, the XAU/USD pair (Gold vs. the American dollar) hit the highest level in twelve days. Get the full analysis for June 13, 2014 here.

The WTI Crude Oil market broke out of the ascending triangle during the session on Thursday, leaving the $105 level behind. This area has been very resistive over the last few months, and the move above is a major bullish sign.

The EUR/USD pair went back and forth during the course of the Thursday session, but most significantly tested the 1.35 handle for support. I believe that the area is going to continue to be massively supportive, and as a result I think that buying opportunities will present themselves in this specific region.

Silver markets had a positive session on Thursday, slicing through the $19.50 level. This is significant in my opinion, because we are also closing above the 50 day exponential moving average.

The USD/JPY pair initially tried to rally during the session on Thursday, but as you can see got turned back around and kept falling. We’re closing below the 102 level for the first time in a couple of weeks, and as a result it does look a little bit weak at this moment.

Gold strengthened against the American dollar for a second session on Wednesday as the conditions in the marketplace increased the shiny metal’s attractiveness as a safe-haven asset. Get the full gold analysis for June 12, 2014 here.

Check out the GBP/USD Forex signal for June 12, 2014

Get the daily EUR/USD Forex signal for June 12, 2014 here.

The WTI Crude Oil markets rose during the session on Wednesday, but just as we saw on Tuesday the sellers stepped in and kept the market somewhat down. Get the full analysis for June 12, 2014 here.