Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair went back and forth during the session on Tuesday, looking just as lost as usual. However, the market did drift down towards the 1.2825 level, and found support as we would expect.

The WTI Crude Oil markets had a slightly negative session on Tuesday, but you can see that the same general area is offering support as the $95.50 level continues to be a bit of a problem for the sellers.

The XAU/USD pair closed the day lower than opening as the bulls failed to break through the 1400 level once again. The bulls have been struggling to push prices above this barrier for almost 4 days.

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.