Forex Daily Forecast, Analysis and Prediction

Get the AUD/USD Forex signal for May 12, 2015 here.

Get the USD/JPY Forex signal for May 12, 2015 here.

Get the GBP/USD Forex signal for May 12, 2015 here.

Get the EUR/USD Forex signal for May 12, 2015 here.

The EUR/USD pair initially broke higher during the day on Monday, but found the 1.12 level to be a bit too resistive for the buyers, and as a result pulled back to form a shooting star.

The WTI Crude Oil markets went sideways during the session on Monday as we continue to hover just below the $60 handle. This is a large, round, psychologically significant number, but we feel that it will eventually lose its luster.

The AUD/CHF pair did nothing during the session on Monday, as we essentially continue to hug the 0.7350 region. This is an interesting pair, and under normal circumstances is one of my favorite ones to follow.

The AUD/USD pair tried to rally during the course of the day on Monday, but fell back down in order to form a shooting star. Because of this, the market looks soft still as far as I can see, as the Australian dollar simply cannot hang onto gains.

Gold edged lower on Monday as strength in the dollar pushed prices down but uncertainty about the timing of a U.S. interest rate increase limited losses.

According to the analyzes of the USD/CAD and GBP/USD, trader profited using a binary options platform. Find out how here for May 11, 2015.

Get the AUD/USD Forex signal for May 11, 2015 here.

Get the USD/JPY Forex signal for May 11, 2015 here.

Get the GBP/USD Forex signal for May 11, 2015 here.

Get the EUR/USD Forex signal for May 11, 2015 here.

The EUR/USD pair continues to grind away out the 1.12 level, as the Friday session initially saw quite a bit of buying but things turned back around to form a pretty negative looking shooting star.