Forex Daily Forecast, Analysis and Prediction

Follow up on the GBP/USD pair with this free Forex signal here.

The USD/JPY pair shot straight up during the session on Wednesday, as the battle between the two central banks continues to favor the Federal Reserve.

The AUD/USD pair fell during the session on Wednesday, breaking below the previous low on Tuesday. As you can see, we also broke down below the hammer on the Monday session, and now looks like the pair is ready to continue lower, probably heading towards the 0.90 level.

The GBP/USD pair shot higher during the session on Wednesday, breaking above the 1.63 level. However, we did not manage to close above that level, and as a result this market isn't truly broken out yet.

The EUR/USD pair rallied during the session on Wednesday, but as you can see ran into far too much resistance to stay above the 1.36 level. The 1.36 level is the area that I need to see overcome on a daily close in order to buy with confidence in this marketplace, and as a result I am still flat of this pair.

The WTI Crude Oil markets fell during the session on Wednesday, falling farther than I honestly thought they would. The $92.50 level of course has been significant support recently, and the nice well-defined consolidation area has been violated.

The XAU/USD pair closed yesterday's session lower than opening after the latest reports released from the Unite States provided further evidence that the world's biggest economy is on the right track.

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Be prepared for the upcoming month of December with this forecast of the EUR/USD pair.

Check out the forecast for the USD/CAD pair for December 2013 here.

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

Check out the recommendation for the EUR/USD pair here with this Forex signal.

The AUD/USD pair fell hard during the session on Tuesday, breaking the bottom of the hammer from the Monday session. This is of course a very negative sign, and as a result I think this pair will continue to go lower.

The GBP/USD pair initially fell during the Tuesday session, but as you can see bounced high enough to form a supportive candle. The supportive candle of course slammed into the 1.62 handle, which course is a large round psychologically significant number.

The EUR/USD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. This of course is a bullish sign, but we did not break above the 1.36 handle, like I had wanted to see.