Forex Daily Forecast, Analysis and Prediction

The USD/JPY daily chart has been trading itself into a descending triangle, and yesterday it finally broke this triangle with a bullish daily candle that closed at 99.32.

Check out the updates for signals posted previously with the AUD/USD, EUR/USD, and GBP/USD pairs here.

Last month produced a bearish bar, with a long upper wick. It is not a very strong candle leading to any forecasts, but from this it can be said that the long-term bearish trend is continuing for the time being. Get the full analysis here.

According to Christopher Lewis's analysis of the AUD/USD and EUR/USD pairs, trader profited on a binary options platform. See how here.

Over the last 3 days, the weak bearishness has continued, with price falling but coming right back up again. We finally had a daily close below 1.5508 on Thursday, but by very little, and Friday also closed below that level, also by not much.

The XAU/USD pair continued to retreat on Friday as strength in the American dollar and weakening demand helped sellers to dodge the bulls' attacks. As a result, the pair printed a shooting star on the weekly chart.

The EUR/GBP Monthly chart is showing clear bearish divergence. As you can see from the chart, we saw price action make a higher high back in February, but the Stochastic below barely made it over the 80/oversold level and still the pair fell almost 1000 pips after that formation printed.

The WTI Crude Oil markets had a tough day on Friday as all games were wiped out by the end of the session. In the end, we had formed a shooting star, which of course is very bearish signal, but it should be noted that it's sitting on top of massive support.

The EUR/USD pair fell during the session on Friday, but as you can see the 1.32 level did in fact offer enough support to form a hammer. This hammer of course signifies that support has come back into the marketplace and what I find truly interesting is that the 1.32 level is the bottom of the recent consolidation.

The USD/CAD pair went back and forth during the session on Friday, ending with a slightly negative candle. However, at the end of the day we really didn't decide very much, to continue to hover around the 1.05 level.

The AUD/USD pair tried to rally during the session on Friday, but as you can see gave back all of the gains and ended up forming a negative candle. In fact, this candle ended up being a shooting star at the bottom of a down move, which is always a very bad sign in my opinion.

Start the new month with a forecast of some of the major Forex pairs. Get the analysis here and plan your upcoming week accordingly.

The gold markets are without a doubt going to be one of the more difficult market to deal with in the month of September. This is because of the concerns coming out of the Federal Reserve and whether or not they are going to taper off of quantitative easing.

The NZD/CHF pair is one that a lot of people don't pay attention to, which I believe is truly unfortunate. This is one of those pairs that is so lopsided in one direction that it makes a great tertiary indicator.

The GBP/CHF pair has been very sideways for some time now. However, many of you probably don't remember a time when this was a "risk on” type of currency pair. Get the forecast for the upcoming month here.