Forex Daily Forecast, Analysis and Prediction

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.

Begin your trading week prepared with DailyForex.com's weekly Forex forecast for some of the major currency pairs here.

The EUR/USD pair fell initially on Friday, but found enough support underneath the 1.17 level to turn things around and form a hammer.

Thursday saw the WTI Crude Oil market fall significantly, but turned around and form a hammer. Natural gas markets fell initially during the day on Thursday, but found enough support at the $2.85 level to turn around and rally.

The USD/JPY pair fell significantly during the session on Thursday, as a bit of a “risk off” trade has been the case.

The S&P 500 had a very bad day on Thursday, reaching towards the 2430 handle.

Gold prices rose $4.07 an ounce on Thursday, supported by weakness in global stocks.

Get the NZD/USD Forex signal for August 17, 2017 here.

Check out the AUD/USD Forex signal for August 17, 2017 here.

Get the BTC/USD Forex signal for August 17, 2017 here.

Gold prices ended Wednesday’s session up $11.85 as the precious metal got a boost after the release of minutes from the Federal Reserve’s July 25-26 meeting indicated that officials were conflicted on whether to raise interest rates again this year.