Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair had a fairly volatile session on Tuesday, but at the end of the day really hadn’t changed much.

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Gold prices ended Monday's session down 0.76%, or $9.15, to settle at $1195.61 an ounce as U.S. equities rallied and the greenback steadied.

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Check out the USD/JPY Forex signal for April 21, 2015 here.

Get the GBP/USD Forex signal for April 21, 2015 here.

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

The EUR/USD pair fell during the session on Monday, testing the 1.07 region. This is a pair that looks like it’s getting ready to make a “lower high”, and as a result I believe that the market is going to continue the longer-term downtrend.

The USD/CHF pair showed a significant amount of support at the 0.95 handle again on Monday, as we simply open there and bounced around only to form a relatively positive candle.

The GBP/USD pair broke down during the Monday session, breaking the bottom of the shooting star that informed on Friday. This is a very negative sign, and quite frankly I really liked where the shooting star formed, the 1.50 level.

The USD/INR pair broke higher during the session on Monday as we crashed into the 63 level. This was the most recent high, and an area of significant support previously.

The USD/SEK rose during the session on Monday, as traders simply started to buy the US dollar in general. The greenback continues to be one of the favored currencies around the world, and the trend line that has been keeping this pair higher continues to support the US dollar.

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Get the AUD/USD Forex signal for April 20, 2015 here.

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