Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market rallied during the day on Tuesday initially, but gave back quite a bit of the gains as we continue to see volatility in this market. Natural gas markets fell to fill the gap from the Monday session on Tuesday, but bounced a little bit as one would expect.

The US dollar rose slightly against the Japanese yen during the session on Tuesday, as we continue to see interest in this pair. The Australian dollar rallied initially during the day on Tuesday, became back quite a bit of the gains.

The S&P 500 fell slightly during the day on Tuesday as we continue to see a bit of a malaise when it comes to the indices. The NASDAQ 100 went back and forth during the day on Tuesday, but I still see a significant amount of support near the 5300 level.

The EUR had a choppy session during the day on Tuesday, as we continue to see a little bit of a downward bias. The British pound fell during Tuesday’s trading action, breaking below the 1.2250 level.

Gold prices closed at their lowest level since February 2 on anticipation of tighter U.S. monetary policy and as the dollar strengthened against other currencies.

Get the USD/CAD Forex Signal for March 8, 2017 here.

Get the USD/CHF Forex Signal for March 8, 2017 here.

Get the GBP/USD Forex Signal for March 8, 2017 here.

Get the EUR/USD Forex Signal for March 8, 2017 here.

Get the NZD/USD Forex signal for March 7, 2017 here.

Get the AUD/USD Forex signal for March 7, 2017 here.

Get the USD/JPY Forex signal for March 7, 2017 here.

The German index has been very bullish for quite some time, and it is one that I have been scalping in the CFD market.

The EUR/USD pair rallied initially during the day on Monday but continues to find trouble just above the 1.06 level at the 50-day exponential moving average.

The S&P 500 fell slightly during the day on Monday, as we are bit overextended. The NASDAQ 100 fell during the day on Monday as well, and much like the S&P 500 is strong, the NASDAQ 100 has been bullish