Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair initially fell during the day on Wednesday, testing support below. The British pound had a very volatile session on Wednesday, forming a rather negative looking candle at one point.

The S&P 500 had a choppy session on Wednesday, as we tested the 50-day exponential moving average. The NASDAQ 100 initially fell during the Wednesday session, but found enough support underneath to turn things around.

The WTI Crude Oil market fell significantly during the session on Wednesday but found enough support near the $47.25 level to turn around and form a hammer.

The US dollar fell significantly during the day on Wednesday against the Japanese yen, but found enough buying pressure towards the end of the day to form a bit of a supportive looking candle right at the 200-day exponential moving average.

Get the NZD/USD Forex signal for March 23, 2017 here.

Get the AUD/USD Forex signal for March 23, 2017 here.

Get the USD/JPY Forex signal for March 23, 2017 here.

Get the USD/CAD Forex signal for March 23, 2017 here.

Get the USD/CHF Forex signal for March 23, 2017 here.

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

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

Gold prices edged down in Asian trade on Thursday as stocks firmed and the U.S. dollar recovered.

Get the NZD/USD Forex signal for March 22, 2017 here.

Get the AUD/USD Forex signal for March 22, 2017 here.

Get the USD/JPY Forex signal for March 22, 2017 here.