Forex Daily Forecast, Analysis and Prediction

The NZD/USD pair went back and forth during the session on Tuesday, as the 0.75 level proved itself to be supportive enough.

The GBP/USD pair fell during the course of the session on Tuesday, as we tested the 1.53 level for support. It did in fact show that support, and as we are closing the session it looks as if we will form something along the lines of a hammer.

Gold prices ended Tuesday's session down 1.71%, or $21.07, to settle at $1209.67 an ounce as market players cashed in recent gains after the market failed to breach the $1232/3 key resistance area once again.

Get the USD/JPY Forex signal for February 17, 2015 here.

Get the USD/CHF Forex signal for February 17, 2015 here.

Get the GBP/USD Forex signal for February 17, 2015 here.

Get the EUR/USD Forex signal for February 17, 2015 here.

Gold extended gains for a third session on Monday, supported by safe-haven bids as talks between Greece and euro zone finance ministers collapsed in disarray.

The EUR/USD pair fell during the course of the session on Monday, as the 1.14 level offered a bit too much resistance for the buyers to continue pushing the Euro higher.

The EUR/GBP pair initially tried to rally during the course of the day on Monday, but as you can see struggled above the 0.74 level to continue its bullish pressure.

The USD/CAD pair tried to rally during the course of the session on Monday, but as you can see struggled at the 1.25 handle.

The TRY/JPY try to rally during the course of the session on Monday, but as you can see struggled and turned back around to form a shooting star.

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

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

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