Forex Daily Forecast, Analysis and Prediction

The USD/JPY pair fell slightly during the session on Tuesday, but as you can see is still well elevated overall. It would take a significant meltdown to change the trend of this pair, so I am essentially either buying or sitting on the sidelines.

The GBP/USD pair broke down during the course of the Tuesday session, and even broke below the hammer that had formed on Monday.

The EUR/GBP pair initially rallied during the session on Tuesday, but as you can see pullback at the 0.75 zero level in order to form a shooting star.

Gold prices ended Tuesday's session up 1.32%, or $15.64, to settle at $1218.34 an ounce as Greece’s political crisis and a tumble in global equities buoyed the precious metal’s safe-haven appeal.

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

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

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

Get the USD/JPY Forex signal for January 6, 2015 here.

Get the GBP/USD Forex signal for January 6, 2015 here.

Get the EUR/USD Forex signal for January 6, 2015 here.

Gold prices advanced on Monday to log their highest settlement in nearly three weeks as political turmoil in Greece and weakness in equities spurred demand.

The EUR/USD pair has broken down significantly for several months now. In fact, the descent of the value of the Euro has been surprising to almost all who have been watching it, as the selloff has been absolutely brutal.

The USD/CAD pair pulled back from the 1.18 level during Monday trading, which isn’t much of a surprise to me as I saw the area of significant resistance.

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Get the weekly Forex signal for the AUD/NZD pair for January 5, 2015 here.