Forex Daily Forecast, Analysis and Prediction

Gold prices ended Wednesday’s session nearly unchanged after shuffling between gains and losses following the sharp drop seen on Tuesday.

Bitcoin markets tried to rally on Wednesday but struggled again as we turned around to form a shooting star.

The EUR/USD pair has gone back and forth during the trading session on Wednesday, as we continue to see softness in the market.

The US dollar fell again during the trading session on Wednesday, looking towards the 106.50 level.

The S&P 500 initially tried to rally during the trading session on Wednesday but turned around at the 2760 level to fall rather significantly.

The WTI Crude Oil market has initially tried to rally during the day on Wednesday but rolled over rather significantly to break down below the $62 level.

The Euro was noisy during the month of February, and I believe it will continue to be. See the forecast for the month of March 2018 here.

The US dollar has been very volatile against the Japanese yen during February trading, dropping down as low as 106 before rallying a bit.

The British pound continues to grind away against the US dollar, and as I write this article, we are currently hovering just above the 1.39 level.

The Australian dollar initially rally during the month, but as you can see has rolled over several times during February trading.

The US dollar has rallied significantly during the February session, capturing a lot of the losses that we had seen previously.

Get the NZD/USD Forex signal for February 28, 2018 here.

Get the AUD/USD Forex signal for February 28, 2018 here.

Get the BTC/USD Forex signal for February 28, 2018 here.

Get the USD/JPY Forex signal for February 28, 2018 here.