Forex Daily Forecast, Analysis and Prediction

Check out this Forex signal for the EUR/GBP pair from the experts at BNRY and learn where the pair is headed.

The WTI market had a slightly positive session during the Tuesday trading hours, but did not break above the $91.00 level, an area that I would've liked to seen broken to the upside in order to start buying again.

The XAU/USD (Gold vs. the American dollar) settled slightly higher yesterday, marking the first rise in five trading sessions, as caution set in ahead of high impact economic data releases later today.

The EUR/USD pair had a fairly back and forth session during the Tuesday trading hours, eking out a small gain in the end. However, when you look at this candle, you can see that the range was relatively tight overall.

The AUD/USD pair rose during the session on Tuesday, after forming an absolutely perfect hammer during the Monday session. The thing that intrigued me the most about the hammer on the Monday session is that it was formed at the 1.02 support level.

The USD/CAD pair tried to rally yet again during the Tuesday session, but as it has over the last three trading days, it simply found the 1.03 level to be far too resistive. Because of this, I feel that we are eventually going to see a pullback, and quite frankly and surprise we haven't seen it already.

The Kiwi (NZD/USD) has re-entered the ascending channel that it has been trading in since July 2012 after a brief hiatus to the downside, and apparently unsuccessful rally by the bears.

Check out this Forex signal for the XAU/USD pair and learn which direction it is headed for here.

The WTI Crude markets fell during most of the session on Monday, but as you can see it got a significant bounce by the end of the session. This formed a hammer, and as a result a possible buying opportunity.

It appears that the XAU/USD pair found some support during the Asian session today after four consecutive days of losses. Although the pair has been suffering from strengthening U.S. dollar since October, the trading action is getting tight recently.

The EUR/USD pair fell during the session again on Monday, but as it did on Friday, it bounced back above the 1.30 level. The sellers simply couldn’t overcome the support level, and as a result it formed a hammer.

The EUR/JPY pair did almost nothing on Monday, but in the big scheme of things – I think that was telling us something. After all, we simply continue to grind sideways in this market, and the support from the 120 level has held true for several days.

The GBP/USD pair had a strong session on Monday, something that is a bit of an anomaly these days. This market has been dropping like a stone for some time now, and the fall to the 1.50 level has been stunning.

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

The Euro is very likely to continue the week under pressure much like the week before, as the lingering political situation in Italy weighs heavily on it. Get this special Euro piece exclusive for DailyForex.com readers here.