Forex Daily Forecast, Analysis and Prediction

The XAU/USD pair rose for a sixth consecutive week as the conditions in the marketplace have increased investors’ demand for safety.

The platinum markets are one that a lot of people avoid because of the lack of liquidity from time to time.

The EUR/CAD pair has been one that I’ve been watching for some time now, and on Friday we got the action that I had hoped to see.

The WTI Crude Oil markets had a horrible session on Friday, as we crashed below the $101.00 level.

The EUR/USD pair went back and forth during the course of the session on Friday, but as you can see still doesn’t really want to go anywhere in general.

Get the Bitcoin forecast for July 13, 2014 here.

Get the weekly Forex forecast for some of the major currency pairs for the week of July 13, 2014 here.

The XAU/USD pair (Gold vs. the American dollar) scored a gain of 0.74% on Thursday as the unfolding problems in Portugal reignited concerns over the European banking sector.

The CAD/JPY pair initially fell during the course of the session on Thursday, but found the 95 level to be supportive enough to turn things back around and form a massive hammer.

The gold markets rose higher during the session on Thursday, piercing the $1335 level.

The WTI Crude Oil market initially fell during the session on Thursday, breaking below the $102.00 level initially.

The NZD/USD pair initially tried to fall during the session on Thursday, but as you can see the 0.88 level has in fact offered enough support to turn things back into a positive spin, forming a nice-looking hammer.

The EUR/USD pair fell during the session on Thursday, testing the 1.36 handle yet again.

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GBP/USD Forex signal for July 10, 2014 here.