Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair try to rally during the session on Friday, but you can see that the 1.37 level offered far too much in the way of resistance, making the market fall and form a shooting star.

The EUR/JPY pair fell hard on Friday, slamming into the 140 level. The market has a lot of support below, extending all the way down to the 138.50 level, as we have seen quite a bit of noise in the general vicinity.

End the month on the right track with the weekly Forex forecast for some of the major pairs here.

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 signal for the EUR/USD pair here.

The XAUUSD pair advanced to its highest level since December 11 after the bulls managed to reverse the course and pushed prices above the 1245 resistance levels.

The WTI Crude Oil markets had another positive session on Thursday, poking up above the $97 level. This market looks like it’s ready to continue going higher, and as a result I feel that the market will continue to go higher over the longer term as well.

The EUR/USD pair had an absolutely phenomenal day during the session on Thursday, using the 1.3550 level as a launching pad.

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The XAU/USD pair closed lower than opening for a second consecutive day on growing perception that the data which will be released from the United States ahead of next week's FOMC meeting will beat expectations and bolsters the case for the Fed to continue scaling back its massive stimulus.

The WTI Crude Oil markets had a very strong showing on Wednesday, finally breaking above the $96 level, an area that I have five to be somewhat resistive. Now that we have closed above that area, I believe this market continues to go much higher, possibly to the $100 level although there is a lot of noise between here and there.

The EUR/USD pair try to rally during the session on Wednesday, but as you can see struggle above the 1.3550 level. Because of this, it appears that the Euro is going to suffer again, but the real question is whether or not we can get below the 1.35 handle.

The USD/JPY pair initially fell during the session on Wednesday, but as you can see the 104 level has offered support yet again. This support cause the market to bounce hard enough to form a very positive looking candle.

The AUD/USD pair had a pretty strong showing during the day on Wednesday, as we cleared the 0.88 level. This area has been resistive recently, but the market has gone back and forth in this area enough to perhaps take some of the psychological strength out of it.