Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of September 25, 2017.

Gold prices ended Thursday’s session down $10.14 an ounce as a surprisingly positive assessment of the U.S. economy from the Federal Reserve continued to weigh on the market.

The EUR/USD pair rallied a bit during the day on Thursday, using the uptrend line as support.

The US dollar rallied a bit during the day on Thursday, breaking above the 112 level.

The WTI Crude Oil market fell initially during the session on Thursday, but found enough support at the $50 level to turn around to form a nice-looking hammer.

The S&P 500 fell during the session on Thursday, testing the 2500 level.

Gold prices dropped $10.01 on Wednesday as the prospect of a December rate hike by the Federal Reserve gave a lift to the U.S. dollar and weighed on the metal.

The US dollar initially fell against the Japanese yen, but after somewhat hawkish comments coming out of the Federal Reserve, we broke above the 112 level.

The S&P 500 initially fell, turning around to form a hammer. The hammer sits on top of the 2500 level now, and that is a very bullish sign.

The EUR/USD pair initially tried to rally during the day on Wednesday, but then found the area above the 1.20 level to be resistive.

The WTI Crude Oil market gapped higher at the open on Wednesday, clearing the $50 level. We went as high as the $51 level but found some resistance.

Get the NZD/USD Forex signal for September 20, 2017 here.

Get the AUD/USD Forex signal for September 20, 2017 here.

The EUR/USD pair had another positive session on Tuesday, testing the 1.20 level yet again.

The S&P 500 was choppy during the session on Tuesday, as we continue to find buyers every time we pull back.