Forex Daily Forecast, Analysis and Prediction

The USD/CAD pair tried to rally initially during the session on Friday, but as you can see the small cluster just below the 1.09 level held enough resistance and it to keep the market down a bit.

The AUD/USD pair has done very little during the last several sessions, basically hanging around the 0.9350 level. With that, the market seems like it’s trying to contemplate its next move. For myself, I fully believe that this market is going to go higher, but is going to do it at its own pace.

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.

Check out the Weekly forecast for some of the major Forex pairs here.

The XAU/USD pair (Gold vs. the Greenback) closed the day lower than opening as the bulls failed to overcome the resistance at the 1307 level and after a series of U.S. economic data came out stronger than expected.

The WTI Crude Oil markets tried to rally initially during the session on Thursday, but as you can see the $102 level offered far too much in the way of resistance, thereby pushing the market back down to the $101.50 area.

The EUR/USD pair initially fell during the course of the session on Thursday, breaking below the significantly support at 1.37 handle. With that, it should be a sign that the market was going to come undone.

The USD/JPY pair had a pretty wild session on Thursday, as you can see it initially rose to the 102 region. However, we pull back and fell all the way down to the 101.25 level, where we found support enough to bounce slightly.

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The XAU/USD pair (Gold vs. the American dollar) scored a gain of 0.86% yesterday as flare-ups in Ukraine and uncertainty in the U.S. stock market combined to provide support to the precious metal.

The WTI Crude Oil markets tried to rally after gapping higher on Wednesday, but as you can see gave back most of the gains by the end of the session. The result of this of course was that the market formed a shooting star, which of course is a very negative sign.

The EUR/USD pair tried to rally initially during the session on Wednesday, but as you can see we couldn’t even get back to the 1.3750 level in what was a relatively tight trading range.

The EUR/NZD pair has been in a nice downtrend for some time now. Quite frankly, the 1.58 level has been a bit port of, but we are now closing with a fresh, new closing low.