Forex Daily Forecast, Analysis and Prediction

Get the CAD/CHF Forex signal for October 6, 2016 here.

Get the AUD/NZD Forex signal for October 6, 2016 here.

The GBP/CHF pair is a very risk sensitive currency pair. Is because of this that I watch this pair quite often, and the fact that we have been falling for some time is not much of a surprise.

The EUR/USD pair went back and forth during the course of the session, forming a very volatile and neutral candle. The British pound broke down rather significantly during the day on Tuesday, finally clearing the 1.2850 level to the downside.

The S&P 500 initially tried to rally during the day on Tuesday but fell rather significantly as we now look like the sellers are starting to make a bit of a statement. The NASDAQ 100 initially rallied during the course of the session on Tuesday, but turned right back around to fall towards the bottom of the support level at 4840 or so.

The USD/JPY pair broke higher during the course of the session on Tuesday, testing the 103 region. The AUD/USD pair fell significantly during the course of the session on Tuesday, but we still have quite a bit of support below and extending all the way down to the 0.75 level to offer buying opportunities.

The WTI Crude Oil market went back and forth during the course of the session on Tuesday, as we continue to find quite a bit of momentum to the upside. The natural gas markets initially fell during the course of the session on Tuesday, but bounced enough to form a green candle.

Gold prices ended Tuesday's session down 3.32%, their biggest decline since January 2015, after a breach of the key support level at $1300 triggered a sell-off.

This trade can be entered anytime during the day, but will be especially productive if entered and triggered during the European trading hours.

Trade may be entered at any time.

Trades may be entered at any time over the next 24 hours.

Trades may be entered anytime during the day.

Trade can be entered as late as 8 AM New York time, or afternoon London.

Gold prices ended Monday's session down $6.59, extending their losses to a fifth straight session, as lower safe haven demand and heightened expectations for a Fed rate increase in December fueled downside momentum.

The Euro initially tried to rally during the day on Monday, but turned around to fall slightly and reach towards the 1.12 level. The British pound initially tried to rally during the course of the day on Monday, but then turned around to break below the 1.2850 level.