Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market initially fell on Monday, but found enough support at the 50-day exponential moving average to turn around and form a hammer.

The USD/JPY pair gapped lower at the open on Monday. The AUD/USD pair went back and forth during the day on Monday, showing signs of volatility and indecision.

Gold prices dropped $8.07 on Monday, extending last week’s losses, as growing confidence that U.S. interest rates will rise this month outweighed haven buying amid political uncertainty in France.

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

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

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

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

Get the NZD/USD Forex Signal for March 6, 2017 here.

Get the AUD/USD Forex signal for March 6, 2017 here.

Get the USD/JPY Forex signal for March 6, 2017 here.

The EUR/USD pair rallied a bit during the day on Friday, bouncing off the 1.05 level. The British pound fell during the day on Friday, but turned around to form a bit of a hammer.

The WTI Crude Oil market bounced a bit during the day on Friday, as the 50-day exponential moving average has offered enough support to give the market afloat.

The USD/JPY pair had a choppy session on Friday, as we approached the 115 handle. The Australian dollar fell a bit during the day on Friday. Get the forecasts here.

The S&P 500 had a quiet session on Friday, as we continue to look bullish overall. The NASDAQ 100 fell during the day, but found enough support near the 5350 level to turn around and form a hammer.

Gold ended the week down $22.99 at $1234.54, breaking a four-week winning streak, as an extreme shift in expectations of interest rate hikes weighed on the market.