Forex Daily Forecast, Analysis and Prediction

Gold closed up 0.3% at $1100,81 an ounce yesterday, after plunging to the lowest level in five years on Monday, as the dollar took a breather from its recent rally.

Gold prices ended yesterday's session down 3.34% after a breach of the key support level at $1130 triggered a sell-off. The XAU/USD pair slumped to $1076.98, the lowest price since mid-February 2010, pretty quickly before climbing back above the $1100 level.

Check out the AUD/USD Forex signal for July 21, 2015 here.

Check out the NZD/USD Forex signal for July 21, 2015 here.

Check out the USD/JPY Forex signal for July 21, 2015 here.

Check out the USD/CHF Forex signal for July 21, 2015 here.

Get the GBP/USD Forex signal for July 21, 2015 here.

Get the EUR/USD Forex signal for July 21, 2015 here.

The EUR/USD pair initially tried to rally during the course of the session on Monday, but as you can see pullback to form a bit of a shooting star. The shooting star at the bottom of the downtrend of course is a very negative sign.

The WTI Crude Oil markets initially tried to rally during the course of the day on Monday, but turned back around to form a shooting star. That being the case, we are sitting right on top of support in that of course is a very bearish sign.

The GBP/CHF pair pulled back during the session on Monday, but found enough support below the 1.50 level to turn these back around and form a hammer.

The NZD/CHF pair initially rallied during the session on Monday, but as you can see we pulled back slightly. The 0.6350 level above is resistance, but more importantly I see that the market is very choppy on the way down.

The NZD/CAD pair broke higher during the course of the day on Monday, breaking back above the 0.85 handle.

The GBP/AUD pair pulled back during the session on Monday, as we continue to look for buying pressure just above the 1.10 handle.

Get the NZD/USD Forex signal for July 20, 2015 here.