Forex Daily Forecast, Analysis and Prediction

The CAD/JPY pair initially fell during the course of the session on Thursday, but found the 95 level to be supportive enough to turn things back around and form a massive hammer.

The gold markets rose higher during the session on Thursday, piercing the $1335 level.

The WTI Crude Oil market initially fell during the session on Thursday, breaking below the $102.00 level initially.

The NZD/USD pair initially tried to fall during the session on Thursday, but as you can see the 0.88 level has in fact offered enough support to turn things back into a positive spin, forming a nice-looking hammer.

The EUR/USD pair fell during the session on Thursday, testing the 1.36 handle yet again.

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The WTI Crude Oil markets fell hard during the session on Wednesday, crashing through the $103 level. The market is well supported just below the $102.00 level though, so there is the possibility that buyers will step in and start buying in this general vicinity.

The EUR/USD pair initially fell during the session on Wednesday, but found the area below the 1.36 level to be supportive enough to push the market back off. On top of that, the Federal Reserve came out with a statement that seem to be a bit ambiguous, so the market really doesn’t know what to think.

The EUR/GBP pair rallied during the session on Wednesday, but as you can see failed to keep most of the gains, pulling back to form a shooting star.

The NZD/USD pair initially fell during the session on Wednesday, but as you can see ultimately broke higher, clearing the 0.88 level order to break out from significant resistance.

The CAD/JPY pair bounced hard during the session on Wednesday, using the 95 level as work. That being the case, the market looks as if it has respected the previous break out, and that break out has shown that the former resistances now support.

Gold prices ended yesterday’s session higher after minutes of the Federal Reserve’s June policy meeting failed to offer clues on the timing of rate hikes.

BTC/USD has formed a lower-top lower-bottom structure with no signs of a trend reversal as of yet. The momentum has clearly weakened and the price is expected to continue to drift lower.