Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair fell during the course of the session on Wednesday, testing the 119.50 level. This is an area that offered enough support to turn things back around and form a nice-looking hammer.

The USD/CAD pair initially broke down during the course of the session on Wednesday, dipping below the 1.24 handle. However, the buyers came back in and push the value the US dollar much higher.

The AUD/CHF pair tried to rally during the session on Wednesday, but failed to hang onto the gains by the end of the day.

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Gold continued to retreat from a seven-week high struck this week, gains in the U.S. dollar and global equities helped push the metal down another $5.6 to $1209.

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Get the EUR/USD Forex signal for April 8, 2015 here.

The EUR/USD pair fell during the session on Tuesday, as the 1.10 level has yet again offered resistance. With that being the case, looks like the market is going to continue to go much lower, although there is a bit of a support barrier in the region of the 1.0750 region.

The AUD/USD pair rallied during the course of the session on Tuesday, and even went as high as the 0.77 handle.

The GBP/USD pair broke down during the course of the session on Tuesday, slamming into the 1.48 level. With that, it appears that the market is going to continue to drive lower, as we continue to consolidate in general.

Gold ended slightly lower on Monday as the dollar recovered some of its recent losses and equity markets saw a modest rebound.

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