Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair initially fell during the course of the day on Friday but bounced off of the 1.57 level. This level is becoming more and more important, as it represents a bit of a “floor” in this market at the moment.

The NZD/USD pair fell hard during the session on Friday testing the lows yet again. I still believe that this market has further we go though, as the thinnest of margins keep this market above the 0.68 handle at the moment.

The GBP/CHF pair typically moves rather rapidly, so the fact that once we broke out we just simply sat hearing consolidated was a bit surprising to me. As the market fell on Friday, we simply recovered most of the gains that we had seen in the British pound from Thursday.

Get the Forex forecast for the week of June 29, 2015 using quant vs. chart reading analysis.

Don't end the month of June 2015 without getting the weekly Forex forecast for major currency pairs here.

Gold prices continued to grind lower Thursday as the economic data from the Unite States provided further evidence that the economy is set to rebound in the second quarter after a chill at the start of the year.

The EUR/USD pair fell initially during the session on Thursday, but yet again ended up finding support below. The 1.1150 level offers support yet again, and as a result it appears that the markets getting ready to bounce.

The NZD/USD pair initially fell during the session on Thursday, but as you can see we turned back around and formed a hammer. The hammer of course is a supportive looking candle, and as a result I think we will probably go higher.

The USD/CHF pair initially rallied during the course of the session on Thursday, but turned back around by the 0.94 level. Because of this, we ended up forming a bit of a shooting star, which is based upon an obvious resistance area.

The EUR/USD pair initially tried to rally during the session on Wednesday, but found enough resistance near the 1.1250 level that it turned back around to form a bit of a shooting star.

The WTI Crude Oil markets fell during the session on Wednesday, as we continue to bounce around the $60 handle in general. To be honest though, if you are a short-term trader you must absolutely love this market at the moment.

The USD/MXN pair rallied during the session on Wednesday, as we broke above a recent barrier and the 15.45 region. With this, I believe that the market continues to go higher, as we should continue to follow the overall uptrend in channel that I have marked on the chart.

Several days ago, I had an analysis that suggested the 1.3750 region was going to be important in the EUR/CAD pair. Since then, we rallied from that level and then came back to test it again on Tuesday.

The NZD/USD pair had a bit of a rally during the session on Wednesday, but towards the end of the day we got a bit of a selloff, making what once look like a reasonable rally look very weak and uninspired by the time it was all said and done.

Check out the AUD/USD Forex signal for June 25, 2015 here.