Forex Daily Forecast, Analysis and Prediction

Gold prices continued to decline yesterday and touched the 1320 support level as a stronger dollar reduced the appeal of the precious metal as an alternative investment.

The WTI Crude Oil markets fell during the session on Thursday, dipping down to the $98.00 level. That area of course found enough support in order to push the market back up and form a hammer.

The EUR/USD pair fell hard during the session on Thursday, but as you can see bounced back above the pseudo-trend line that I have plotted on the chart.

The USD/CAD pair recently broke out above the resistance in order to fire off nice buying signals. However, the Thursday session saw the market pullback from the 1.1275 level in order to form a star.

The NZD/USD pair fell during the session on Thursday, but found enough support at the 0.85 level to turn things back around and form a nice-looking hammer.

The AUD/USD pair fell hard during the session on Thursday first, but as you can see found enough support at the 0.90 level to turn things back around and form a hammer.

Check out the Forex signal for the USD/JPY here.

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

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

Gold weakened against the American dollar for a third session on Wednesday .

The WTI Crude Oil markets fell initially during the session on Wednesday, but found enough support at the $90 handle in order to turn things back around and form a hammer of sorts.

The EUR/USD pair fell hard during the session on Wednesday, as the US dollar continue to go higher against most currencies around the world.

The GBP/USD pair initially when higher during the session on Wednesday, but as you can see sold off once we get close to the 1.6650 level.

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

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