Forex Daily Forecast, Analysis and Prediction

Gold prices were higher U.S. trading Monday as stocks deepened their losses.

Get the NZD/USD Forex signal for August 21, 2017 here.

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Get the BTC/USD Forex signal for August 21, 2017 here.

The EUR/USD pair use the 1.17 level for stability on Friday, as we continue to find buyers in this general vicinity. The British pound went back and forth during the day on Friday, hovering above the 1.2850 level.

The US dollar had a volatile session against the Japanese yen again, as we fell rather significantly. The Australian dollar rallied during the day on Friday, clearing the 0.79 level.

The S&P 500 had a positive session on Friday, using the 2425 level as support. The NASDAQ 100 rallied during the day, bouncing from a trend line that has been in effect from November of last year.

The WTI Crude Oil market exploded to the upside on Friday, showing signs of life again. The natural gas markets fell during the session on Friday, as we continue to see a lot of choppiness and volatility.

Get the USD/JPY Forex signal for August 21, 2017 here.

Get the USD/CAD Forex signal for August 21, 2017 here.

Get the GBP/USD Forex signal for August 21, 2017 here.

Get the EUR/USD Forex signal for August 21, 2017 here.

Gold prices settled at $1284.62 an ounce on Friday, as the market’s inability to hold above the $1296 level and better-than-expected U.S. economic data prompted investors to unwind bullish bets.

Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 20, 2017.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 20, 2017.