Forex Daily Forecast, Analysis and Prediction

Check out the weekly forecast for the Forex pairs here.

Gold continued to gain ground against the American dollar as the conditions in the marketplace increased desire for safe haven diversification.

The WTI Crude Oil markets did almost nothing during the session on Thursday as we continue to meander around the $98 level. This area has in fact been resistive in the past, as recently as early February.

The EUR/USD pair try to rally during the session on Thursday, but as you can see struggle to get above the 1.39 level for any significant amount of time. With that, I believe that this market is and a very important inflection point.

The GBP/CHF pair went back and forth during the session on Thursday, but interestingly enough found support at the 1.45 level.

The USD/JPY pair fell hard during the session on Thursday as the “risk off” attitude permeated the markets.

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The XAU/USD pair scored its highest settlement in six months as heightened risk aversion, weaker American dollar and strong physical demand in Asia combined to lift prices above $1366 an ounce.

Check out the Forex signal for the USD/JPY pair here.

Check out the Forex signal for the GBP/USD pair here,

Check out the Forex signal for the EUR/USD pair here.

The XAU/USD pair (Gold vs. the American dollar) had a positive day as growing concerns over the Russian occupation of Crimea continued to attract buyers.

Check out the Forex signal for the USD/JPY pair here.

Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the EUR/USD pair here.