Forex Daily Forecast, Analysis and Prediction

Gold prices settled at $1325.01 an ounce, suffering a loss of 1.67% over the holiday-shortened week but making a gain of 0.47% over the month.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of April 2, 2018.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 2, 2018.

Begin the month of April 2018 with our weekly Forex forecast for major pairs here.

The EUR/USD pair has gone sideways during most of the last couple of months, as we have consolidated between 1.21 and 1.25.

The US dollar has been very choppy against the Canadian dollar during trading over the month of March, initially breaking above the 1.30 level, but being turned around completely to form what could be looked at as a two-week shooting star.

The British pound has been bullish during most of the month of March but did pull back a little bit towards the end.

The US dollar has been very choppy against the Japanese yen during the last month, but as you can see the 105 level seems to have held.

The Australian dollar has been negative during most of the month of March but is approaching a significant uptrend line that I think will continue to hold this market afloat.

The EUR/USD pair fell a bit during trading on Thursday but continues to find support just below the 1.23 level.

Bitcoin fell against the US dollar during trading on Thursday, breaking below the $7500 level, and even below the $7450 level.

The S&P 500 rallied a bit during the trading session on Thursday, bouncing from the 2600 level.

The US dollar has bounced significantly over the last couple of sessions, but then softened a bit during the session on Thursday.

The WTI Crude Oil market had a choppy session on Thursday, going back and forth during the day, essentially doing nothing.

Check out the NZD/USD Forex signal for March 29, 2018 here.