Forex Daily Forecast, Analysis and Prediction

Get the USD/CAD Forex signal for November 19, 2015 here.

Get the USD/CHF Forex signal for November 19, 2015 here.

Get the GBP/USD Forex signal for November 19, 2015 here.

Get the EUR/USD Forex signal for November 19, 2015 here.

The Norwegian krone is normally thought of as a proxy for the crude oil market. More specifically, I find that it correlates nicely with the Brent market, as Brent North Sea is the grade that most often is found when drilling in the North Sea itself.

The USD/MXN pair initially tried to fall during the day on Wednesday, but the 16.70 level continues to attract buyers as this market is currently grinding sideways.

The EUR/USD pair initially tried to rally during the day on Wednesday, but found far too much in the way of resistance pressure at the 1.07 handle.

During the session on Wednesday, the GBP/CHF pair initially fell, but turned back around to find quite a bit of bullish pressure as the 1.54 level offered more than enough support.

The USD/JPY pair tried to break above the 124 handle during the day on Wednesday, but struggled and ended up turning back around to form a bit of a shooting star.

Gold prices edged slightly higher on Wednesday, snapping a six-day losing streak, as a retreat in the dollar helped the metal trim a portion of earlier losses.

Get the NZD/USD Forex signal for November 18, 2015 here.

Get the AUD/USD Forex Signal for November 18, 2015 here.

Get the USD/JPY Forex signal for November 18, 2015 here.

The EUR/USD pair fell again during the course of the day on Tuesday, as we continue to drive lower.

The USD/SGD pair initially fell during the day on Tuesday, but turned back around to form a bit of a hammer.