Forex Daily Forecast, Analysis and Prediction

There will be a slightly heavier news schedule this week, compared to last week which was very light.

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

Check out the Forex forecast focusing on some of the major currency pairs for the week of February 20, 2017 here.

Australian stocks initially fell during the day on Thursday, but found enough support to turn around and form a hammer.

The EUR/USD pair broke higher during the day on Thursday, touching the 50-day exponential moving average. The British pound rallied initially during the day on Thursday but continues to see quite a bit of resistance above the 1.25 handle.

The USD/JPY pair broke down during the day on Thursday, clearing the bottom of the shooting star from Wednesday.The Australian dollar broke higher during the course of the day on Thursday, but continues to find resistance near the 0.7750 level.

The WTI Crude Oil market fell initially during the day on Thursday, but found enough bullish pressure to turn around and show signs of strength. The natural gas markets extended losses during the day on Thursday, as we continue to breakdown.

The S&P 500 fell significantly during the day on Thursday but found support to turn around and show signs of life towards the end of the day. The NASDAQ 100 initially fell during the day on Thursday, as we continue to show signs of bullish pressure on pullbacks.

Gold prices ended Thursday’s session up $5.84, supported by a lower U.S. dollar index and a slide in U.S. equities.

Get the NZD/USD Forex signal for February 16, 2017 here.

Get the AUD/USD Forex signal for February 16, 2017 here.

Get the USD/JPY Forex signal for February 16, 2017 here.

Get the USD/CAD Forex signal for February 16, 2017 here.

Get the USD/CHF Forex signal for February 16, 2017 here.

Get the GBP/USD Forex signal for February 16, 2017 here.