Forex Daily Forecast, Analysis and Prediction

Natural gas had a rather sharp fall at the beginning of Monday, as we sort of shifted focus to spring and away from our recent cold snap in America.

Crude oil markets dipped slightly during Monday’s trading session, then it re-addressed to the upside once again.

Price has room to rise to $1.2786.

The EUR/USD pair remained in a tight range on Tuesday as traders waited for the upcoming ECB decision.

Bitcoin continued its strong sell-off in the overnight session as concerns about the industry continued.

The AUD/USD pair’s attempts to bounce back faded on Monday.

The move lower in the USD/MXN since Wednesday is a healthy sign for bearish USD/MXN traders, but they should not get overly ambitious.

The EUR/USD exchange rate made two failed attempts to break below the minor psychological level at 1.0850.

Looking at the daily chart of gold price XAU/USD, it is clear that the head-and-shoulders pattern is forming, which technically supported the recent selling of gold.

It appears that the USD/JPY pair is trading within an upward channel.

GBP/USD forecasts show that it is in a steadfast position and the bull’s control over the trend will strengthen if the currency pair moves above the resistance 1.2775.

In the USD/JPY pair, the initial rally on Friday was followed by a relatively rapid reversal.

The S&P 500 exhibited another robust rally during Friday's trading session, as it endeavors to breach the critical 4800 level.

As of this writing the USD/ZAR is near the 19.19120 ratio with fast trading being demonstrated.

Silver saw a resurgence in its value during Friday's trading session, marking a recovery from a recent market pullback.