Forex Daily Forecast, Analysis and Prediction

The AUD/USD has certainly fallen from grace, so to speak. But we're still watching it...see why.

The XAU/USD pair closed yesterday's session lower than opening but remained within the last four days’ trading range. Get the analysis here.

The WTI Crude Oil market had a slightly positive session on Tuesday, as we continue to drift just below the $94.00 level. This area is a significant resistance area, on the short term charts.

The EUR/USD pair went back and forth during the session on Tuesday as it typically does, but in the end formed a positive candle. This is a necessarily the clearest indication of a hammer, but it does look somewhat like one.

The AUD/USD pair fell during the session on Tuesday, slamming into the 0.9650 level again. This area has been significant support several times in the past, and has been rather supportive recently as well.

The USD/JPY pair had a back and forth session on Tuesday, as the market formed an inside candle. However, the candle is positive, and it is sitting on top of the 100 handle. This is a natural spot to see support come into the marketplace, and because of this I feel that a break of the highs for the session on Tuesday will be more than enough to get more buyers into the market.

According to the analysis of the USD/JPY and EUR/USD one trader profited on a binary options platform. See how here.

The XAU/USD pair (Gold vs. the American dollar) scored a gain of 1.89% on Monday after the disappointing manufacturing data out of the world largest economy eased concerns that the U.S. Federal Reserve might soon start unwinding its massive stimulus.

The Japanese Yen strengthened against the US Greenback yesterday and fell to a 3 week low at 98.85. The pair appears to have found support at this level however, with highs from both April and early May at these levels.

The WTI markets had a positive session for Monday, predicated mainly upon the fall of the US dollar overall. In a truly ironic turn of events, the PMI numbers coming out of United States and the contractionary mode, albeit just slightly, pushed the value of commodities on the whole higher.

The EUR/USD pair had a strong showing on Monday, mainly because of the weak economic numbers coming out United States. The PMI number been just under the 50 level of course suggests that there is contraction, and this of course had the markets concerned about whether or not the Federal Reserve is going to be able to pull back from quantitative easing.

The USD/JPY pair fell rather significantly during the session on Monday, cracking below the 100 handle for the first time in over a month. The 100 handle had significant meaning as it was the top of the ascending triangle that had a breakout in the first place.

The USD/CAD currency pair had a very negative session on Monday, breaking below the 1.03 handle. However, there is now support below there to make me a little bit leery of selling at this point, and I would stay away from doing so until we get below the 1.02 handle.

The Swiss franc has doubled recently to its highest level since last July. See what this means for the currency here.

According to the analysis of the EUR/USD and EUR/JPY one trader profited on a binary options platform. See how here.