Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair initially tried to rally during the course of the day on Wednesday, but as you can see fell rather hard.

The WTI Crude Oil markets did gain during the session on Wednesday, testing the $83 level for resistance. Needless to say, it did in fact find the $83 level as resistive, and formed a bit of a resistive looking candle.

The gold markets fell hard during the session on Wednesday as the Federal Reserve released a statement after the interest-rate announcement that was more hawkish than anticipated.

The CAD/JPY pair broke higher during the session on Wednesday, as the Japanese yen in general was sold off. This market tends to be very sensitive to the price of oil as well, and it of course had a slightly positive session.

The AUD/NZD pair broke higher during the course of the session on Wednesday, testing the 1.13 level. This area has been resistance several times, and if we can break above the 1.13 level, I feel that this market should go much higher.

Get the USD/JPY Forex signal for October 30, 2014 here.

Get the EUR/USD Forex signal for October 30, 2014 here.

The XAU/USD pair closed lower than opening as the American dollar gained significant strength across the board following the Federal Reserve's statement.

Google Inc. (NASDAQ:GOOG) launched the newest version of its Android operating system “Lollipop”, which it believes will take away any security glitches that previous Android versions had.

Gold prices advanced on Tuesday, marking the first rise in five trading sessions, as traders took a cautious stance ahead of the U.S. Federal Reserve's latest policy announcement.

The EUR/USD pair continues to test the 1.28 handle, an area that I believe will bring in a lot of selling.

The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.5250 level again. This is an area that has been supportive recently, as well as resistive in the past.

The USD/JPY pair found a bit of support during the Tuesday session, using the 107.50 level as a springboard. We broke the top of the hammer from the Monday session, and that of course is a very positive sign.

The GBP/USD pair went back and forth during the session on Tuesday, essentially settling nothing. That being said though, we do have a Federal Reserve interest rate decision coming out today, as well as a statement.

The EUR/JPY pair is a bit of an anomaly when it comes to the Euro. I’m very bearish of the Euro in general, but I also recognize that the Japanese yen is probably one of the few currencies out there that is being sold just as aggressively as the Euro, and perhaps even more so.