Forex Daily Forecast, Analysis and Prediction

The EUR/JPY pair fell during the Friday session, testing the 130 handle yet again. Over the last week and a half or so, the 130 level has offered significant support and it appears that it's ready to continue doing so.

The XAU/USD pair ended the week lower after the Friday's bearish price action. Gold prices fell sharply on the last trading day of the week and month after the economic data released from the Unite States provided further evidence that the world's biggest economy is continuing to recover.

Begin a new month and a new week with the weekly forecast of some of the major Forex pairs here.

The AUD/USD pair fell originally during the session on Thursday, but as you can see we bounced enough to form a hammer that is based on the 0.9650 level. Get the full analysis here.

The USD/CAD pair tried to rally during the session on Thursday, but as you can see it turned around completely and broke through the 1.03 level in order to test the support that could be the catalyst for this market to head higher. This market has a significant amount of support below, but the 1.02 level below is what the market will have to show me in order to start selling as I think the next 100 pips or so should be that supportive.

The WTI Crude Oil markets had a positive session on Thursday, as we continue to bounce around in rather radically. The daily candle formed a bit of a hammer, and as a result it looks like we are going to head back towards the top of the recent consolidation area. I see this market as being "stuck" between the $92.00 level on the bottom, and the $97.00 level on the top.

The EUR/USD pair broke out above the 1.30 level during the session on Thursday, which is an area that I thought would be rather resistive. It has been for some time, but you can see that it gave way during the session today. That being the case, I think that this market is ready to start bouncing around in the upper half of the larger consolidation area.

The XAU/USD pair finally broke out of the consolidation zone that we have been watching for days as the American dollar lost ground across the board after the Q1 GDP, pending home sales and unemployment claims data missed expectations.

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

The WTI the Crude Oil markets fell rather significantly during the session on Wednesday, but as you can see I am still looking at the four-hour charts for direction.

The XAU/USD pair (Gold vs. the American dollar) settled higher yesterday, as weakness in the U.S. dollar and pullbacks in major stock markets increased investors’ appetite for the precious metal as an alternative investment.

The EUR/USD pair continued to grind away in a larger sideways consolidation area on Wednesday, gaining until we hit just below the 1.30 level.

The EUR/CHF pair is a market that I have not done a review on in at least a year, possibly even longer than that. This is mainly because the Swiss National Bank had put a "peg" in this pair at the 1.20 level.

The AUD/USD pair had a positive session on Wednesday, as it slammed back into the bottom of the 0.9650 level; however, you can see that the market couldn't stay above that level.

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