Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair rose during the session on Wednesday again, as we continue to march from the 1.52 level that we were at just a week ago. However, later in the session on Wednesday we saw the sellers stepped back into the marketplace and push this pair down enough to form a shooting star.

The NZD/CHF pair is one of my favorite pairs to trade in what seems to be an increasingly interconnected marketplace around the world. This is because the two currencies are so diametrically opposed in their representations of risk appetite.

The EUR/USD started the day yesterday looking like it was going to head for 1.3300 and nothing was going to stop it. Oh what a difference 24 hours makes.

Recently the XAU/USD pair (Gold vs. the Greenback) has been trapped between the top of the Ichimoku cloud which sits at the 1444 level and a historical support/resistance level at 1486.

The WTI Crude had a negative session on Tuesday, pulling back from just below the $95.00 level. I have been speculating recently that we may have just entered a previous consolidation area, and that we could see a bit of choppiness between the $92.00 level on the bottom, and the aforementioned $95.00 level on the top.

The EUR/USD pair rose during the session on Tuesday, breaking above the last remnants of the shooting stars from the past couple of weeks. This of course is a very bullish sign; however we have seen significant resistance of the 1.32 level previously, so I'm not quite ready to start buying yet.

The AUD/USD pair rose during the session on Tuesday, but as you can see the 1.04 level continues to be far too much in the way of resistance for this pair to continue higher. However, I do believe that eventually will breakout above that level, as it is only the "middle line" of a larger rectangle that we have been trading in for roughly 17 months.

The USD/JPY pair fell during the session on Tuesday, and even managed to break the bottom of the hammer from the Monday session. Until circumstances, this is a very bearish signal and I would probably consider selling at this point.

The AUD/USD is currently sitting at a level, 1.0350-1.0400 that has been a key pivotal level for the pair. Looking at a Weekly chart we can see very clearly how important this area is for the Aisa-Pacific currency.

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

The GBP/AUD pair is failing to breakout. Get the Forex signal for this pair here.

After the Asian markets opened, Euro received a strong bullish impetus based on news coming from Italy. The newly (s)elected Prime Minister Enrico Letta has quickly settled to the task of governance by appointing 21 cabinet ministers and members of government. Get the analysis for the EUR/USD here.

The XAUUSD pair started the week with a gap to the upside as data out of the United States last week reinforce expectations the U.S. Federal Reserve will remain hyperactive and keep purchasing assets at a pace of $85 billion a month.

The WTI Crude market had a strong showing during the session on Monday again, smashing above and trying to break above the $95.00 handle. It is at the $95.00 level that I feel this market could go much higher if we get above.

The EUR/USD pair showed strength during the Monday session, breaking above the recent shooting star from last Thursday. The candle suggests that we were perhaps going to break down below the 1.30 handle, but the action for Monday suggests the exact opposite.