Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair broke higher during the session on Tuesday, using the 1.65 level as a springboard, as we broke above the top of the range from the Monday session.

The CHF/JPY pair initially fell during the session on Tuesday, but found the area just above the 115 level be far too supportive to continue falling. The resulting bounce formed a nice hammer, which of course is a nice bullish signal.

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

Check out the Forex signal for the EUR/USD 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 weeks after weaker than expected figures from the United States and China fueled concerns about the global economy.

The WTI Crude Oil markets try to rally during the session on Monday, but as you can see the $100 level has offered a bit too much resistance for the second day in a row.

The EUR/USD pair went back and forth violently during the session on Monday, but found enough support down at the 1.3750 level to turn things back around and bounce quite a bit higher.

Check out the weekly Forex forecast for some of the major pairs here.

After falling 4 sessions in a row, the XAU/USD pair found some support on Friday and recovered some of its previous losses. Although the market settled higher on the last trading day of the week, the weekly candle was still negative.

The WTI Crude Oil markets rose during the session on Friday, after initially gapping down just a little bit. At the end of the day, we had punctured the $100 level, but could not remain above it.

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.