Forex Daily Forecast, Analysis and Prediction

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

Last week was a bullish reversal bar, closing just above on the lower trend line of the triangle that was broken down to the downside last month. This week is bullish so far and has penetrated back into the triangle.

The gold market appears to be stable with the bulls and bears gaining and losing ground almost equally during yesterday's session. Finally U.S. Senate leaders came up with a deal to raise the debt ceiling and end the government shutdown.

The WTI Crude Oil markets rose during the session on Wednesday, as the $101 level has offered enough support yet again. This area is looking more and more interesting to me, and I believe that short-term traders will more than likely take advantage of this area as its strength has been proven more than once.

Monday printed a bearish pin par, marked at (1). There was then a bearish candle the next day which bounced up off the support at 1.3485, closing about halfway along its range.

The EUR/USD pair went back and forth during the session on Wednesday, and in the end essentially decided nothing. That may be because of the U.S. Senate coming to grips with the idea of extending the debt ceiling, and therefore reopening the US government.

The AUD/USD pair went back and forth during the session on Wednesday, but ultimately finished the day unchanged. The most important thing about the candlestick though was that it showed that the 0.95 level did in fact offer support.

The EUR/GBP pair fell during the bulk of the session on Wednesday, but as you can see the market bounced hard enough to form a pretty impressive looking hammer.

The CAD/JPY pair initially fell during the session on Wednesday, but as you can see really took off to the upside later in the day. Because of that, I feel that this market is ready to go higher, especially when you look at the Yen in general right now.

According to the analysis of the GBP/USD pair and Crude Oil, trader profited on a binary options platform. See how here.

The price has risen quite steadily, and has not fallen below 0.9388. We can say that 0.9408 held as support and that this did correctly indicate a more bullish bias, as the price rose strongly after the level had been tested several times.

The bearish bias, so far, has not been justified. However, the jury is still out for any long-term traders short at 1.5915 with a stop loss above 1.6119.

The XAU/USD pair halted its decline at the 1253 support level after five consecutive days of losses. The pair turned north after Fitch Ratings announced that it put the world’s largest economy on watch for a possible credit downgrade.

The WTI Crude Oil markets fell during the session on Tuesday, slamming into the $101 level. This is an area that I have talked about previously as being rather supportive, and I think that it is more of a “thick zone”, and that it extends all the way down to the $99 level as well.

The EUR/USD pair spent most of the day on Tuesday falling, but as you can see found enough support just below the 1.35 handle in order to bounce and form a fairly nice looking hammer. This hammer of course signifies that we could see buyers stepping into the market, and it would make sense as we are towards the bottom of the consolidation area that we had recently been trading in.