Forex Daily Forecast, Analysis and Prediction

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

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

The XAU/USD pair tried to break below the 1293 support level but the bulls managed to defend their camp, as a result prices climbed back to the 1300 level.

The WTI Crew Oil markets rose during most of the session on Wednesday, but as you can see the $105 level offered enough resistance to turn things back around and form a shooting star.

The USD/JPY pair rose during the session on Wednesday, breaking above the 102 handle. This of course is a bullish sign but we did break down a little reporting of the day.

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Here are the updates to trades we recommended in February 2014 as well as March 2014:

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

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

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

The XAU/USD pair fell to its lowest level in five days after breaking below the 1312 support level triggered a sell-off. The XAU/USD pair traded as low as $1286.05 an ounce, which happens to be the 50% retracement level based on the bullish run from 1182.35 to 1392.04.

The WTI Crude Oil markets initially session on Monday, but as you can see turned back around at the 104.50 level.

The USD/JPY pair rose during the session on Monday, as the 101.25 level has offered support yet again.

The NZD/USD pair fell initially during the session on Monday, dipping down below the 0.8650 level.

The GBP/USD pair fell initially during the session on Monday, but found enough support below the 1.67 handle in order to turn things back around and form a hammer.