Forex Daily Forecast, Analysis and Prediction

Get the USD/CAD Forex signal for June 8, 2016 here.

Get the USD/CHF Forex signal for June 8, 2016 here.

Get the GBP/USD Forex signal for June 8, 2016 here.

Get the EUR/USD Forex signal for June 8, 2016 here.

Gold prices initially fell yesterday but bounced up nicely from the anticipated support level at $1234 and pared most of the losses.

Get the NZD/USD Forex signal for June 7, 2016 here.

Get the AUD/USD Forex signal for June 7, 2016 here.

Get the USD/JPY Forex signal for June 7, 2016 here.

The EUR/USD pair went back and forth during the course of the session on Monday, as we continue to see the market trying to break higher. The GBP/USD pair gapped lower at the open on Monday, and then continue to fall but turned right back around to form a relatively neutral candle.

The WTI Crude Oil market rose during the course of the day on Monday, testing the $50 level yet again. Natural gas markets gapped higher at the open on Monday, but then turned right back around to fall and fill that gap and then eventually bounce.

The S&P 500 broke higher during the course of the session on Monday, breaking above the 2110 handle which has been so important recently. The NASDAQ 100 is trying to break out as well, but there is a significant amount of noise between here and the 4600 level, so it’s not really until we break above there that we have the same situation that we see in the S&P 500 right now.

The USD/JPY pair rallied during the day on Monday, bouncing off of the bottom of the candle on Friday. The AUD/USD pair fell initially during the course of the day on Monday, testing the 0.73 level for support.

During the session on Monday, the copper markets rallied initially, but turned right back around to form a shooting star.

Check out the daily USD/CAD Forex signal for Tuesday, June 7, 2016 here.

Get the USD/CHF Forex signal for June 7, 2016 here.