Forex Daily Forecast, Analysis and Prediction

The XAU/USD pair (Gold vs. the Greenback) fell eight days in a row.

The WTI Crude Oil market fell during the session on Tuesday after initially trying to form gains.

The EUR/GBP pair rose during the session on Tuesday, after bouncing just above the 0.86 handle.

The AUD/USD pair rose during the session on Tuesday, breaking the top of the hammer from Monday.

If we can get above the 1.3350 level on a daily close, I think that would be close enough for me to start buying.

The EURO is showing signs of weakness against the US Dollar with another rejection of prices above 1.3300.

Gold continued to lose ground against the American dollar (XAU/USD) yesterday.

The WTI Crude Oil markets went back and forth during the session on Monday, but as you can see they really didn't get too far in either direction by the end of the day.

The USD/CAD pair fell during the session on Monday, after attempting to break above the 1.04 handle.

The USD/JPY pair fell during the session on Monday, reaching for the 98 handle.

The EUR/USD pair fell slightly during the session on Monday, after bouncing around all day.

The USD/CAD did indeed reject 1.0250 last week, and in the process held an ascending channel on the Weekly chart and formed a bullish engulfing bar at the same time.

The XAU/USD pair closed the week lower after three consecutive weeks of gains as the Ichimoku cloud on the daily time frame continued to offer some resistance.

It appears of this market is grinding sideways again, and that we should begin to fall and try to test the bottom of the range at the $103 level.

The EUR/USD pair rose during the session on Friday, continuing to consolidate in the same general area we have been in all week.