Forex Daily Forecast, Analysis and Prediction

Get the USD/JPY Forex signal for September 1, 2015 here.

Get the USD/CHF Forex signal for September 1, 2015 here.

Get the GBP/USD Forex signal for September 1, 2015 here.

Get the EUR/USD Forex signal for September 1, 2015 here.

The EUR/USD pair initially fell during the course of the day on Monday, but found enough support below to turn things back around and form a hammer.

The GBP/USD pair fell during the course of the day on Monday, as we crashed into the 1.5350 region. We are testing the very bottom of the hammer that was formed on Friday, and that of course in my opinion is a very negative sign.

Gold prices initially fell on Monday but the expected support at the 1125.50 level which happens to be the daily Kijun-sen (twenty six-period moving average, green line) kicked in and pushed the market up.

The GBP/CHF pair had a very interesting month for August, as we had initially broken much higher. However, the market fell apart as the British pound got sold off.

The USD/JPY pair has been in a nice uptrend for quite some time now. We did have quite a bit of volatility during the month of August, and as you can see the last weekly candle for the month of August featured a massive selloff down to the 116 level.

The USD/SGD pair fell the last couple of weeks during the course of the month of August, but as you can see found enough support at the 1.40 level to turn things back around and form hammers.

The NZD/USD pair broke down significantly during the end of the month of August, but just as brutally as we sold off, we bounced.

The GBP/USD pair reached all the way to the 1.58 level during the month of August, but turned back around and sold off rather drastically towards the end of the very same month.

Get the NZD/USD Forex signal for August 31, 2015 here.

Get the AUD/USD Forex signal for August 31, 2015 here.

Get the USD/JPY Forex signal for August 31, 2015 here.