Forex Daily Forecast, Analysis and Prediction

Get the NZD/USD Forex Signal for September 7, 2016 here.

Get the AUD/USD Forex Signal for September 7, 2016 here.

Get the USD/JPY Forex Signal for September 7, 2016 here.

Get the USD/CAD Forex Signal for September 7, 2016 here.

Get the USD/CHF Forex Signal for September 7, 2016 here.

Get the GBP/USD Forex Signal for September 7, 2016 here.

Get the EUR/USD Forex Signal for September 7, 2016 here.

The US dollar initially tried to rally against the Japanese yen during the day on Tuesday, but then turned right back around to crash into the 102 level. The Australian dollar rose quite rapidly during the session on Tuesday, but struggled a little bit once we got towards the 0.7675 handle.

The Euro exploded to the upside during the session on Tuesday as people continue to believe that the Federal Reserve will not be able to raise interest rates. The British pound rose during the session as well, breaking the top of the shooting star from the previous Monday session.

The WTI Crude Oil market went back and forth during the course of the day on Tuesday, as we continue to see quite a bit of volatility. The natural gas markets broke down during the day on Tuesday, breaking the bottom of the hammer from the Monday session.

The S&P 500 initially fell during the course of the day on Tuesday, but then bounced enough to form a bit of a hammer. Breaking above the top of the hammer for the session on Monday during the Tuesday session was a big deal, and we are clearly well above the 4800 level.

Gold prices ended Tuesday's session up $23.74, extending gains to a fourth straight session, as weak economic data reinforced market expectations that the U.S. Federal Reserve will push off a rate increase until December.

Get the NZD/USD Forex signal for September 6, 2016 here.

Get the AUD/USD Forex signal for September 6, 2016 here.

Get the USD/JPY Forex signal for September 6, 2016 here.