Forex Daily Forecast, Analysis and Prediction

Get the AUD/USD Forex signal for June 2, 2016 here.

Get the USD/JPY Forex signal for June 2, 2016 here.

The EUR/USD pair initially fell during the course of the day on Wednesday but then turned right background break above the top of the shooting star from Tuesday.

The S&P 500 initially fell during the day on Wednesday, but turned around to form a bit of a hammer. The NASDAQ 100 been a bit more flats in the S&P 500 but we are essentially telling the same story here.

The WTI Crude Oil market initially fell on Wednesday but turned right back around to form a bit of a hammer. Looking at this chart, it’s pretty amazing how far we have come in just a couple of days. We broke through the $2.20 level, which of course was bullish and then shot straight up in the air.

The USD/JPY pair fell significantly during the day on Wednesday, as we broke down below the bottom of the shooting star from both Monday and Tuesday. The AUD/USD pair initially tried to rally during the course of the day on Wednesday but slammed into the 0.73 level as it was a significant support and resistance barrier over the longer term.

The EUR/GBP pair rose rapidly during the course of the day on Wednesday, as we continue to see quite a bit of weakness in the British pound overall.

Gold prices settled slightly lower yesterday after shuffling between gains and losses as investors weighed fresh U.S. economic data.

Get the USD/CAD Forex signal for June 2, 2016 here.

Get the USD/CHF Forex signal for June 2, 2016 here.

Get the GBP/USD Forex signal for June 2, 2016 here.

Get the daily EUR/USD Forex signal for Thursday, June 2, 2016 here.

Get the NZD/USD Forex signal for June 1, 2016 here.

Get the AUD/USD Forex signal for June 1, 2016 here.

The Australian index fell a bit during the course of the day on Monday, but as you can see I have several things marked on this chart.