Forex Daily Forecast, Analysis and Prediction

Currently at 98.95 (9/16 12PM EST), the Pair is spot on its 50 SMA (98.72), as well at its 38.2% Fibonacci retracement level of 98.83. Get the full analysis here.

Check out this weekly signal for the NZD/USD pair here.

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

We had another bullish week with a close very close to its high: a bullish sign. The close was also above 0.9300 which had previously contained an area that the price had struggled to break through.

The XAU/USD pair closed the week lower than opening as waning likelihood of a military action against Syria and expectations that the quantitative easing program will be scaled back continued to weigh on the market.

The price opened last night with a sharp gap up over the resistance at 1.5875, and at the time of writing the gap has not been filled, in fact the pair has not traded lower than 1.5929, and a high of 1.5957 has already been made.

Gold printed a Daily Hammer aka Pin Bar on Friday. It did this off of the 50% Fibo retracement for the most recent move from the yearly low at 1180.28 to the August high at 1433.85.

The XAU/USD pair had a bearish day as investors continued to take profit off the table ahead of the Federal Open Market Committee's two-day policy meeting which will begin on Tuesday.

The WTI Crude Oil markets had a positive session on Thursday, breaking above the $108 level again. I believe that this market will continue to have an upward bias to it, but there is a significant amount of resistance at the $110 level.

The EUR/USD pair fell during the session on Thursday but found support at the 1.3250 level in order to bounce and form a hammer. That being the case, it appears this market is well supported and they do think that we will continue up towards the 1.34 handle in the short term.

The EUR/GBP pair did another neutral candle for the session on Thursday, which just leads me to believe that this area around the 0.84 handle will continue to be very solid support. Because of this, I believe that the market is entering an "accumulation phase", which simply means that the "smart money" is starting to buy down here at this low level.

According to the AUD/USD and USD/CAD analysis trader profited on a binary options platform. See how here.

During July, there were ten daily lows and four weekly lows that printed between 1.0292 and 1.0245. This is a lot of support packed within a fairly tight range. Get the full analysis here.

Gold has had some wild Macro swings lately, between the Fed “Taper” and Geo-Political issues with Syria. Concentrating on the Technicals, the Precious metal is an important decision phase. Get the full analysis here.

Looking to the future, we can see from the daily chart that Tuesday was a bullish inside bar, and the price broke out from that bar's high of 1.3275 to the upside yesterday, confirming the weakly bullish bias. Get the analysis here.