Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair fell during the bulk of the session on Thursday, and even tested the 1.63 level. This level is supportive though, and it doesn't surprise me at all that we got a little bit of a bounce from there.

The EUR/JPY pair went back and forth on Wednesday, solidifying my opinion on this pair as being a bit stagnant at the moment.

The XAU/USD pair (Gold vs. the American dollar) scored a gain of 1.7% on Wednesday as investors started to shift money from equities to gold.

The EUR/USD pair initially fell during the session on Wednesday, but found enough support at the 1.3525 level in order to bounce and form a hammer

The WTI Crude Oil markets initially tried to fall during the session on Wednesday, after initially gapping slightly higher.

The AUD/USD pair fell during the session on Wednesday, slamming into the 0.90 level, an area that I have been watching for some time. Because of the psychological aspect of a round number like this, it does not surprise me that it did hold the sellers away, and cause a slight bounce by the end of the session.

Check out the signal for the EUR/USD pair here

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

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

Although the XAU/USD pair found some support just above the 1213.40 level yesterday, the lack of momentum is certainly something to watch.

The EUR/USD pair rose for the session on Tuesday, but remained underneath the 1.36 handle by the time the market close.

The WTI Crude Oil markets took off to the upside during the session on Tuesday, breaking well above the $97 handle by the time the market closed.

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

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

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