Forex Daily Forecast, Analysis and Prediction

According to the analysis of the EUR/GBP and AUD/USD trader profited on a binary options platform.

Gold(XAU/USD) has printed a double bottom on the daily chart. This is depending of course on whether or not the new higher low holds its footing, but the 4 hour chart is also showing an interesting candle pattern.

The XAU/USD pair closed yesterday's session higher after seven consecutive days of losses as investors took some of profit off the table prior to the release of the Federal Open Market Committee meeting minutes.

The AUD/USD pair rose during the session on Monday, and as a result we managed to get back over the 0.98 level.

The EUR/GBP pair initially rose during the session on Monday, but as you can see, it fell later in the day. The resulting candle was a shooting star, and although this is a very negative sign I am not willing to short this market.

The USD/JPY pair fell during the Monday session, perhaps taking a break from the massive bullishness that we have seen as of late.

The WTI Crude market had a relatively benign trading session for the Monday hours. In fact, the daily candle formed a shooting star.

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The XAU/USD (Gold vs. the American dollar) pair continued to sink after a report released by the University of Michigan showed its consumer sentiment index rose to 83.7 from 76.4. After falling for seven days in a row, gold prices settled at $1355.57 an ounce on Friday, the lowest settlement since April 16

According to the analysis of the USD/CAD and EUR/USD trader profited on a binary options platform.

The WTI Crude market has seen quite a bit of choppiness recently, and although the day was positive during Friday, I had recently expressed that I was going to start following the shorter-term charts. Quite frankly, no matter what news crosses the wires at the moment, the market simply needs to grind its way back and forth.

The EUR/GBP pair had a positive session on Friday, but as you can see we remain stuck in a fairly tight consolidation area. With even more interesting is the fact that the weekly chart has pretty three shooting stars in a row, all of which are sitting just above the 0.8400 handle.

The USD/CAD pair had a very strong showing on Friday, as the United States Dollar continues to out power all other currencies on the whole. Look in this market, the 1.03 level was a resistance area that I have marked out on the chart previously, and as you can see that exactly where we stopped for the session.

The EUR/USD pair fell during the session on Friday again, breaking the bottom of the neutral candle that we had printed on Thursday. Because of this, it is obvious this pair has significant weakness in it, and of course the lack of economic performance out of the European region isn't going to help

The AUD/USD pair fell drastically during the past week, and closed at the very bottom of the range. This market looks very vulnerable at the moment, and I think that we are going to seriously test the 0.9650 support level. The gold markets certainly aren’t helping the situation either