Forex Daily Forecast, Analysis and Prediction

Get the NZD/USD Forex signal for July 13, 2016 here.

Gold prices fell 1.6% yesterday, extending their losses to a second straight session, as gains in equity markets eroded the appeal of the precious metal.

Get the AUD/USD Forex signal for July 13, 2016 here.

Get the USD/JPY Forex signal for July 13, 2016 here.

Get the USD/CAD Forex signal for July 13, 2016 here.

Get the USD/CHF Forex signal for July 13, 2016 here.

Get the GBP/USD Forex signal for July 13, 2016 here.

Get the EUR/USD Forex signal for July 13, 2016 here.

During the day on Tuesday, we initially tried to rally in the FTSE 100, but turned right back around to form at the end of the day a shooting star.

The Euro rallied initially during the day on Tuesday, but ran into quite a bit of resistance just above the 1.11 handle. The British pound rose during the day on Tuesday, and what can best be described as a “relief rally.”

The S&P 500 broke higher during the course of the day on Tuesday, clearing the top of the shooting star from the Monday session so therefore it looks as if we are going to go higher as the market will has broken above a pretty significant resistance barrier. The NASDAQ 100 rose during the course of the day but we are starting to reach towards the 4600 level, as we have continued to see buying pressure.

The WTI Crude Oil market rose during the course of the day on Tuesday, breaking back above the $46 level. Natural gas markets bounced off of the $2.70 level, an area that has been supportive in the past.

The US dollar skyrocketing against the Japanese yen on Friday, breaking towards the 105 level. This is an area that we have quite a bit of resistance that, due to the fact that a couple of weeks ago we had seen some type of resistance. The New Zealand dollar broke higher during the course of the day on Tuesday as well, breaking to a fresh, new high during the day.

Get the NZD/USD Forex signal for July 12, 2016 here.

Get the AUD/USD Forex signal for July 12, 2016 here.