Forex Daily Forecast, Analysis and Prediction

Check out the EUR/USD Forex signal for October 21, 2015 here.

The EUR/USD pair tried to rally during the course of the day on Tuesday, but continues to show trouble right around the 1.14 level.

The USD/CHF pair initially fell during the course of the day on Tuesday but found enough support at the 0.95 support level to turn things back around and form a nice-looking hammer.

During the session on Tuesday, the EUR/CHF pair fell initially, testing the 1.08 handle for support. It did in fact find it there, so having said that it appears that the uptrend should continue, and it’s probably only a matter of time before we rally from here.

During the session on Tuesday, the AUD/USD pair tried to rally again. However, just like it did on Monday we could not hang onto the gains. I believe that we are currently consolidating between the 0.72 level, and the 0.74 level.

The USD/CAD pair initially fell during the day on Tuesday, but bounced enough to look rather supportive. Do not forget that today we have a Bank of Canada interest-rate announcement.

Check out the AUD/USD Forex signal for October 20, 2015 here.

Get the NZD/USD Forex signal for October 20, 2015 here.

Get the USD/JPY Forex signal for October 20, 2015 here.

Get the USD/CAD Forex signal for October 20, 2015 here.

Get the USD/CHF Forex signal for October 20, 2015 here.

Get the GBP/USD Forex signal for October 20, 2015 here.

Get the EUR/USD Forex signal for October 20, 2015 here.

Gold continued to retreat from a three-and-a-half-month high struck last week and extended loses to a third straight session on Monday as the U.S. dollar gained strength on upbeat housing data.

The EUR/USD pair fell slightly during the course of the day on Monday, but quite frankly we are still going sideways overall.