Forex Daily Forecast, Analysis and Prediction

Gold prices ended Wednesday's session up 0.83% at $1202.39 per ounce as weakness in the greenback lured some investors back into the market and helped prices regain their footing.

Get the USD/CAD Forex signal for April 16, 2015 here.

Get the USD/JPY Forex signal for April 16, 2015 here.

Get the GBP/USD Forex signal for April 16, 2015 here.

Get the EUR/USD Forex signal for April 16, 2015 here.

Gold prices initially moved lower on Tuesday but cut losses as weaker than expected U.S. retail sales and producer prices data led to a pullback in the dollar.

Get the USD/CAD Forex signal for April 15, 2015 here.

Get the USD/JPY Forex signal for April 15, 2015 here.

Get the GBP/USD Forex signal for April 15, 2015 here.

Get the EUR/USD Forex signal for April 15, 2015 here.

The EUR/USD pair initially fell during the course of the session on Tuesday, but found enough support just above the 1.05 level to turn things much more positive as the market crashed into the 1.07 level above.

The USD/NOK pair fell hard during the day on Tuesday, crashing into a major uptrend line. I believe that this market will continue to go higher, not only because of this trend line, but the fact that the 7.85 level below is so supportive.

The GBP/AUD pair broke higher during the course of the session on Tuesday, as we not only rose but managed to break the top of the shooting star from Monday.

The AUD/USD pair fell initially during the course of the session on Tuesday, testing the 0.7550 handle. We bounced enough to form a hammer though, so that suggests that we could get a little bit of a bounce and continuation going forward.

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