Forex Daily Forecast, Analysis and Prediction

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

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

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

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

Gold prices rose 3.15% over the course of the week as safe-haven demand continued to lure more investors back into the market.

The WTI Crude Oil markets initially fell during the session on Friday, but as you can see found enough support to turn things back around and form a hammer.

The EUR/USD pair rose during the session on Friday, but stays within the reason consolidation area that we have been. Because of this, I feel that this market will more than likely try to break out to the upside, but have a lot of work to do at the moment.

The USD/CAD pair rose slightly during the session on Friday, closing just below the 1.11 level. This level has been a magnet for price, but ultimately we have been consolidating between the 1.09 level, and the 1.12 level.

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.