Forex Daily Forecast, Analysis and Prediction

Gold prices ended the month up 5.2% at $1210.23 an ounce, benefited from uncertainty about the nature and direction of U.S. President Donald Trump economic policies and a weaker dollar.

Get the NZD/USD Forex signal for January 31, 2017 here.

Get the AUD/USD Forex signal for January 31, 2017 here.

Get the USD/JPY Forex signal for January 31, 2017 here.

Get the USD/CHF Forex signal for January 31, 2017 here.

Get the USD/CAD Forex signal for January 31, 2017 here.

Get the GBP/USD Forex signal for January 31, 2017 here.

Get the EUR/USD Forex signal for January 31, 2017 here.

The EUR/USD pair broke down significantly at the open on Monday, but found enough support underneath the 50-day exponential moving average to turn things around to form a relatively supportive looking hammer.

The USD/JPY pair fell during the day on Monday, as the 115 level has offered quite a bit of resistance. The Australian dollar initially fell during the session on Monday, finding support just above the 0.75 handle.

The petroleum markets were a bit mixed during the day, as we had initially rallied but then turned back around to fall. Natural gas markets gap lower at the open on Monday, as we continue to see quite a bit of volatility in this market.

The S&P 500 gap lower at the open on Monday, breaking through the 2275 level later in the day. The NASDAQ 100 broke down during the day on Monday, but at this point I believe that the biggest feature of this market is the fact that it is just a bit overextended.

Gold prices rose on Monday after hitting the lowest level since January 11 in the previous session as a shift in risk sentiment increased demand for safe-haven assets.

Get the NZD/USD Forex signal for January 30, 2017 here.

Get the AUD/USD Forex signal for January 30, 2017 here.