Forex Daily Forecast, Analysis and Prediction

According to the analyses of the EUR/USD and crude oil, trader profited on a binary options trading platform. See how here.

After five consecutive days of gains, the XAUUSD pair (Gold vs. the American dollar) hit the highest level since November 11. The pair traded as high as 1293.70 after the bulls managed to push prices above the 1278 resistance level.

The WTI Crude Oil markets fell during the session on Tuesday, but found enough support just below the $100 level to form a hammer for the session again. This is the second hammer in a row, and now I feel fairly confident that the $100 level will continue to offer support in this market, pushing the market higher.

EUR/USD rose during the session on Tuesday initially, but as you can see found far too much in the way of resistance at the 1.37 level, thereby turning back around and forming a shooting star.

Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the EUR/USD pair here.

The XAU/USD pair rose for a fourth consecutive day as the conditions in the marketplace have increased investors’ appetite for the precious metal as an alternative investment. Gold closed the day at $1274.59 an ounce and this is the highest settlement since November 18.

The WTI Crude Oil markets initially fell during the session on Monday, but as you can see found support at the $99 handle in order to bounce and form a hammer.

The EUR/USD pair rose during the session on Monday, but remained relatively close to where we closed on Friday. After all, we did gap lower at the open, albeit just slightly. With that, it appears that there was a bit of sluggishness when it comes to positivity involving the Euro.

The USD/JPY pair fell during the session on Monday, testing the 102 level. This area has been supportive in the past, and most interestingly it has shown a hammer for the session on Friday.

The GBP/CHF pair fell during the session on Monday, but as you can see still remains in the same general area that we have been in for some time now. This last week has been very back and forth, with nothing to move the pair in one direction or the other.

The USD/CAD pair initially fell during the session on Monday, but bounced enough to form a little bit of a hammer. What I find most interesting is that the 1.10 level continues to offer support, and thereby making it even more significant in my opinion.

According to the analyses of the EUR/USD and GBP/USD pairs, trader profited on a binary options trading platform. See how here.

Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the EUR/USD pair here.