Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair broke hired during the session on Friday, as the US dollar weakened a little bit. However, the market looks as if there is plenty resistance above, and as a result I believe that there will be selling opportunities sooner or later.

The EUR/JPY pair rallied during the session on Friday, but as you can see from above the 130 level. This is an area that of course has been supportive and resistive in the past, so it’s not that big surprise.

The USD/CAD pair fell during the session on Friday, testing the 1.25 region. There is a significant amount of support below, extending all the way down to the 1.24 level, so I believe that it’s only a matter of time before the buyer step back into this marketplace and try to push price higher.

Gold rose for a third straight session on Friday as weakness in the dollar bolstered demand for the precious metal. Gold prices which slumped to a three-month low of $1142.63 earlier in the week got a boost from the Fed's announcement and ended the week up nearly 2.2%.

Get the Forex forecast learning about quant vs chart reading for the week of March 23, 2015 here.

Get the Forex forecast for the week of March 23, 2015 here.

Gold prices settled higher yesterday, extending gains from the previous session, on increasing views the pace of rate hikes is likely to be slower than previously expected.

The EUR/USD pair broke down during the session on Thursday, completely wiping out most of the gains that the market had picked up on Wednesday.

The USD/CAD pair broke to the upside during the session on Thursday, after having such a wild ride on Wednesday.

The GBP/USD pair broke down during the session on Thursday, slicing below the 1.48 level. On top of that, it was a good sign that the sellers were still in control as the shooting star and Wednesday gave back so much of the gains.

The USD/JPY pair broke higher during the course of the session on Thursday, essentially wiping out most of the losses from Wednesday. We now have shown the 120 level to offer support, so it makes sense that the market should continue to go higher.

The EUR/CHF pair is in exactly exciting to trade these days, as last couple of weeks have been fairly quiet. However, one of the things that I like the most about this pair is that it tends to be fairly reliable.

According to the analysis of the USD/JPY and EUR/USD, trader profited using a binary options platform. Find out how here for March 17, 2015.

Gold prices ended Wednesday's session up 1.6% as the dollar tumbled after the Federal Reserve downgraded its view of economic activity and indicated that interest rates may rise at a slower pace than anticipated.

Get the EUR/USD Forex signal for March 19, 2015 here.