Forex Daily Forecast, Analysis and Prediction

Check out the USD/CAD Forex signal for October 23, 2017 here.

Get the GBP/USD Forex signal for October 23, 2017 here.

Get the EUR/USD Forex signal for October 23, 2017 here.

Gold ended the week down 1.77%, giving up most of the previous week’s gains, as a rally in the U.S. dollar index weighed on the market and drew investors away from the precious metal.

Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 23, 2017.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 23, 2017.

Get the Forex forecast for the week of October 23, 2017, featuring which pairs to pay close attention to during the week.

The EUR/USD pair broke out during the trading session on Thursday, slicing above the 1.18 level above. The British pound initially tried to rally during the day on Thursday, but found the 1.3250 level to be resistive.

The US dollar fell significantly during the session on Thursday, reaching towards the 112 level. The Australian dollar rallied during the session on Thursday, reaching towards the highs from last week.

The S&P 500 initially fell during the Thursday session, but found enough support near the 2545 level to turn things around and rally significantly.

The WTI Crude Oil market fell during the day on Thursday, reaching towards the $51 level. Natural gas markets fell precipitously during the trading session on Thursday, reaching down to the $2.77 level.

Gold prices rose for the first time in four sessions and settled at $1289.76 an ounce as a softer dollar lent some support to the precious metal.

Get the AUD/USD Forex signal for October 19, 2017 here.

Get the NZD/USD Forex signal for October 19, 2017 here.

Get the BTC/USD Forex signal for October 19, 2017 here.