Forex Daily Forecast, Analysis and Prediction

The price actually tested 1.5207 during the late New York session on the day of my previous forecast, and failed decisively.

The USD/CHF has found its way, once again, back to the 0.9400 area that seems to be a magnet for the pair.

The XAU/USD pair scored a gain of 0.58% on Tuesday as weakness in the American dollar continued to lure some investors back to the market.

Markets that act like runaway freight trains almost always end in tears for the buyers.

The EUR/USD pair rose during the session on Tuesday, breaking the top of the three previous hammers that have shown so much support in this market.

The AUD/USD pair had a very strong showing on Tuesday, breaking the top of the somewhat supportive Monday candle.

The USD/CAD pair fell during the session on Tuesday, slicing through the 1.04 handle again.

The XAU/USD pair had an interesting day with the bulls and bears gaining and losing ground almost equally.

The WTI Crude Oil markets fell initially during the session on Monday, but as you can see the $104.50 level offered far too much support for the sellers to break it down.

The EUR/USD pair initially fell on Monday, but found the 1.30 level supportive yet again, and we bounced in order to form the third hammer in a row.

The GBP/USD pair fell during the balance of the session on Monday, but as you can see the 1.50 level brought in the buyers, and has provided enough support in order to form a hammer for the session.

The NZD/USD pair had a back and forth session during Monday, eventually settling on printing a hammer.

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Technically, the action of the second half of last week has left EUR/USD with a bullish outlook, reflecting the market's change in sentiment regarding the USD.

At about 18:00 GMT on 10th July, the price did reach 1.0450, and it immediately shot right back up by about 65 pips.