Forex Daily Forecast, Analysis and Prediction

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

Get the USD/JPY Forex Signal for March 20, 2017 here.

Get the USD/CAD Forex signal for March 20, 2017 here.

Get the USD/CHF Forex signal for March 20, 2017 here.

Get the GBP/USD Forex signal for March 20, 2017 here.

Get the EUR/USD Forex signal for March 20, 2017 here.

Gold prices settled at $1229.28 an ounce on Friday, scoring a gain of 2% on the week, as the dollar came under pressure.

The S&P 500 fell slightly on Friday, but quite frankly after all the exhaustion that the market shown, that’s not much of a surprise to me. The NASDAQ 100 fell slightly during the day as well, using the 5400 level as support.

The oil market simply cannot get out of their own way. Natural gas markets rallied on Friday, but I believe this is a simple retest of the psychologically important $3 handle.

The US dollar fell against the Japanese yen during the Friday session, breaking the back of a hammer from Thursday. The Australian dollar rose slightly against the US dollar on Friday as we continue to test the 0.77 region.

The Euro initially tried to rally during the day on Friday but found a little bit of resistance just below the 1.08 handle, which has been resistance previously.

Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of March 20, 2017.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 20, 2017.

Get the Forex forecast focusing on major currency pairs for the week of March 20, 2017 here.

The euro initially fell during the session on Thursday but found enough support at the 1.07 level to turn around and start trading higher. The British pound initially fell on Thursday as well, but much like the euro found legs later in the day.