Forex Daily Forecast, Analysis and Prediction

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.

Get the USD/CAD Forex signal for April 7, 2015 here.

Get the AUD/USD Forex signal for April 7, 2015 here.

Get the USD/JPY Forex signal for April 7, 2015 here.

Get the GBP/USD Forex signal for April 7, 2015 here.

Get the EUR/USD Forex signal for April 7, 2015 here.

The EUR/USD pair tried to rally during the course of the day on Monday, but failed just above the 1.10 level yet again.

The USD/CHF pair rallied during the session on Monday, as the 0.95 level offered support. This is an area that I had recently suggested would be supportive, and now the only question for me is whether or not we can continue to go higher.

The USD/JPY pair broke higher during the course of the day on Monday, as we head towards the 120 level again. With fact, I feel that it is not until the market breaks above there that I am comfortable buying.

The GBP/USD pair initially rallied during the course of the day on Monday, but as you can see ran into quite a bit of resistance of the 1.50 handle.

The EUR/CAD pair tried to break above the 1.3750 level again during the Monday session, but failed as we fell rather hard.