Forex Daily Forecast, Analysis and Prediction

The XAU/USD pair closed Tuesday's session lower than opening after five consecutive days of gains. Investors turned to the relative safety of the American dollar after the PMI data out of China and Eurozone missed expectations.

The WTI Crude market had a positive session on Tuesday, breaking above the $89.50 level. This move suggests that we are going to see continued bullishness in this marketplace, and could very well see a move to the $90.00 level over the course of the next session or two.

The EUR/USD pair is a great place to lose money these days. In fact, many of the professional traders that I speak to on a daily basis are simply avoiding it. However, having said that it does look like we have seen a little bit more of a weak turnover the last 24 hours in this marketplace.

The AUD/USD pair fell during most of the session on Tuesday, but as we approached the 1.02 level, buyers stepped in to provide plenty of support. When you look at this chart from a longer-term perspective, you can see that the 1.02 level was of course the bottom of the massive consolidation area that this market has been stuck in for the last 18 months or so.

The EUR/JPY pair fell during most of the session on Tuesday, testing the 1.2750 area. However, you can see the buyers stepped back into the marketplace as you would expect, and sent this market high enough to form a fairly decent looking hammer.

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

The USD/JPY pair is currently drawing a double-top on the 99.90 resistance. Get the Forex signal for this pair here.

The XAU/USD pair advanced towards the critical resistance level at 1444 yesterday as a weaker U.S. dollar lured some investors back to the market.

The WTI Crude Oil market rose during the session on Monday, breaking the top of the shooting star that had formed on Friday. This is obviously a very bullish sign, but I still am a little bit leery of going long at this point in time.

Yesterday was a relatively boring day in the Forex markets, with very few news events or fundamentals and a low volume Monday to top it off, not many of the major pairs moved much one way or the other.

The EUR/USD pair fell during the Monday session, piercing the 1.30 handle for a moment. However, by the end of the session we bounced enough to form a hammer, and this of course means more confusion.

The USD/JPY pair fell during the session on Monday, as the 100 handle proves to be far too resistant yet again. I have been talking to several people in the industry, and many of them seem to be of the opinion that there must be a large options barrier just above us.

The Mexican Peso isn't one of those pairs that most of you will trade very often, but it really is one you should pay attention to. It's one of the best performing currencies when it comes to trying to track the so-called "emerging markets", and is probably one of the few currencies that most of you can find to trade in Latin America.

Check out this signal for the FXB GBP/USD from pro trader Andrew Keene, only at DailyForex.com.

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