Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially dipped on Wednesday, but continues to see buyers jump into this market. The NASDAQ 100 initially fell as well, but continues to find buyers.

Gold prices ended Wednesday’s session up $1.11 as the American dollar weakened after the release of the minutes from the most recent Federal Open Market Committee meeting.

The EUR/USD pair fell rather significantly during the day on Tuesday, as we reached towards the 1.05 level. The British pound fell initially during the day, but turned around to form a hammer.

The USD/JPY pair had a bullish session on Tuesday as we continue to see bullish pressure underneath. The Australian dollar initially fell during the day but turned around to form a hammer.

Oil markets rallied during the day on Tuesday after OPEC oil minister suggested that we should see close to 100% compliance to output production cuts. Natural gas markets fell rather significantly during the day as we sliced through the $2.75 level.

The S&P 500 had a bullish session on Tuesday, as we continue to see buyers jump into the market. The NASDAQ 100 had a very quiet day, as we went back and forth but couldn’t pick up any traction.

Get the USD/CAD Forex signal for February 22, 2017 here.

Get the USD/JPY Forex signal for February 22, 2017 here.

Get the GBP/JPY Forex signal for February 22, 2017 here.

Get the EUR/GBP Forex signal for February 22, 2017 here.

Get the daily EUR/JPY Forex signal for February 22, 2017 here.

Gold prices ended a choppy trading session on the downside Tuesday.

The USD/CHF pair tested the resistance zone at around the 1.0110 level last week as the dollar strengthened on the back of better-than-expected economic data.

Gold prices ended slightly higher Monday but the trading range was relatively tight as the U.S. markets were closed for a public holiday.

The Nikkei 225 fell initially on Friday but found enough support at the ¥19,000 region to turn around and form a hammer.