Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair rose during the session on Monday, bouncing off of the 1.25 level. That being the case, the market was is ready to go much higher, in the short-term, but at the end of the day I believe that this market will continue to sell off over the longer term.

The NZD/USD pair rose during the session on Monday, but I feel that we are still well within the consolidation area that we have been in for some time. The 0.80 level above it should continue to be resistive, and the long-term charts for the New Zealand dollar do not look healthy at all.

The EUR/GBP pair is one that tends to be very choppy overall, and the recent action of course is in any different. We have rallied during the session on Monday and significantly so, but at the end of the day we are still struggling with the 0.7875 barrier, an area that should be rather resistive based upon recent action.

Check out the CAD/JPY weekly Forex signal for October 7, 2014

Get the weekly forecast for some of the major Forex pairs here for the week of October 6, 2014.

According to the analysis of the EUR/USD and GBP/USD pairs, trader profited using a binary options platform. See how here for October 6, 2014.

The WTI Crude Oil markets fell during the session on Friday, crashing through the $90.00 level. The $90.00 level is an area that of course would attract quite a bit of support and buying, but that being the case the market does in fact look like it’s ready to go lower.

The EUR/USD pair fell hard during the course of the day on Friday, and as you can see crashed into the 1.25 level finding support.

The USD/JPY pair rose again during the course of the session on Friday, as the nonfarm payroll numbers came out stronger than anticipated.

The USD/CAD pair rose during the course of the day on Friday after the better than anticipated nonfarm payroll announcement. Needless to say, the fact that we had formed a hammer on Thursday suggests that the buyers were already starting to step into this marketplace.

The AUD/USD pair fell hard during the course of the session on Friday, slicing through the 0.87 level without much hesitation. After all, the nonfarm payroll numbers came out better than expected, and as a result the US dollar strengthened quite a bit during the session.

Gold prices settled at their lowest level since August 2010 as Friday's bearish price action dragged the market below the 1200 support level.

Check out the USD/JPY Forex signal for October 6, 2014 here.

Check out the GBP/USD Forex signal for October 6, 2014 here.

Check out the EUR/USD Forex signal for October 6, 2014 here.