Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair broke higher during the session on Tuesday, finally breaking out to the next move higher. Now that we have cleared this area, it’s very likely that we will continue to go much higher, although it will be choppy from time to time.

The AUD/SGD pair rose drastically during the session on Tuesday, as the market continues to show signs of consolidation. The fact that we had a nice impulsive candle to the upside of course is a strong sign, but at the end of the day we see quite a bit of resistance at the 1.13 level.

The EUR/JPY pair broke higher during the session on Tuesday, heading towards the 145 handle. Because of that, it looks as if the market is trying to break out to the upside, but I also recognize that there is quite a bit of consolidation in this general vicinity.

The USD/CAD pair fell during the bulk of the session on Tuesday, but the 1.13 level continues offer a little bit of support. I think that this market continues to go higher, and even if we drop below here, I would anticipate that the 1.12 level should offer support as well.

Check out the USD/JPY Forex signal for November 12, 2014 here.

Check out the GBP/USD signal for November 12, 2014 here.

Get the EUR/USD Forex signal for November 12, 2014 here.

The XAU/USD pair had a positive day as weakness in the American dollar increased investors' appetite for gold.

According to the analyses of the oil and USD/JPY pairs, trader profited on a binary options platform. See how here for November 11th, 2014

A series of challenges affecting the dairy industry caused the U.S. largest milk processor Dean Foods Co (NYSE:DF) to a loss of $16 million or 17 cents a share in Q3. The results are quite disappointing, when compared to last year.

New York Superintendent of Financial Services Benjamin Lawsky, who has been trying to introduce a BitLicense legislation for all companies that are working with Bitcoin is rumoured to be stepping down in 2015.

The EUR/USD pair initially tried to rally during the session on Monday, but found the 1.25 level be far too resistive to continue going higher.

Yet again, the Monday session saw the USD JPY pair break out to the upside. We continue to bang against the 115 level, which of course is a large, round, psychologically significant number.

The WTI Crude Oil markets struggled yet again during the session on Monday, as we initially tried to break out to the upside and climb above the $80 handle.

Get the GBP/USD Forex signal for November 11, 2014 here.