Forex Daily Forecast, Analysis and Prediction

Check out the Forex signal for the GBP/USD pair for July 17, 2014 here.

Get the EUR/USD Forex signal for July 17, 2014 here.

The Bitcoin market desperately needs a big news or development that could trigger a breakout in the price which has been moving sideways in a narrow band of 20-25 points since 5th July 2014.

The XAU/USD pair closed Wednesday's session slightly higher than opening after two consecutive days of losses. The pair found support around the 1295 level and turned north after weaker than expected economic data out of the United States triggered some profit taking.

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Get the USD/JPY Forex signal for July 16, 2014 here.

Get the Bitcoin forecast for July 16, 2014 here.

The XAU/USD pair (Gold vs. the American dollar) fell 1% on Tuesday, extending its losses to a second straight session, and touched the lowest level since June 19.

The AUD/USD pair initially fell during the session on Tuesday, but found enough support near the 0.9350 level to turn things back around and form a bit of a hammer.

The EUR/GBP pair fell hard during the session on Tuesday, breaking to a fresh, new low.

The WTI Crude Oil markets fell during the bulk of the session on Tuesday, and even managed to touch the $99 handle, an area that is without a doubt a significant support area.

The EUR/USD pair fell hard during the session on Tuesday, but as you can see still remains in the middle of the consolidation area that we have been paying attention to for some time now.

Get the GBP/USD Forex signal for July 16, 2014 here.

Get the EUR/USD Forex signal for July 16, 2014 here.

The GBPUSD has rallied strongly since July 2013. The rally took this currency pair from an intra-day low of 1.4813 to an intra-day high of 1.7179 and price action is currently located near this intra-day high.