Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair initially fell during the course of the session on Monday, but turned back around to form a bit of a hammer. The GBP/USD pair initially fell during the day on Monday as well, but turned back around to form a hammer.

Get the NZD/USD Forex Signal for March 7, 2016.

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Get the USD/JPY Forex Signal for March 7, 2016.

Get the USD/CAD Forex Signal for March 7, 2016.

Get the USD/CHF Forex Signal for March 7, 2016.

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Get the EUR/USD Forex Signal for March 7, 2016.

The WTI Crude Oil market rose higher during the course of the session on Friday, as we continue to break higher. Natural gas markets bounced a bit during the course of the session on Friday, using the $1.60 level as support.

The S&P 500 initially tried to rally during the day on Friday, but turned back around as the area above the 2000 level was a bit too resistive. The NASDAQ 100 went back and forth during the day on Friday, as it shows quite a bit of volatility.

The USD/JPY pair went back and forth during the session on Friday, as we continue to grind away just below the 115 level. The AUD/USD pair broke higher during the course of the session on Friday, for the forth session in a row.

During the day on Friday, the EUR/USD pair had quite a bit of volatility. The GBP/USD pair went back and forth during the course of the session on Friday.

Stay up to date for the trading week ahead with our Forex forecast for major currency pairs for the week of March 7, 2016.

Check out our newest trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of March 7, 2016 here.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 7, 2016.