Forex Daily Forecast, Analysis and Prediction

Get the USD/CAD Forex signal for February 23, 2015 here.

Get the USD/CHF Forex signal for February 23, 2015 here.

Get the USD/JPY Forex signal for February 23, 2015 here.

Get the GBP/USD Forex signal for February 23, 2015 here.

Get the EUR/USD Forex signal for February 23, 2015 here.

Gold ended the week down 2.17% as strength in the dollar and equities markets eroded the appeal of the precious metal as an alternative investment.

The EUR/USD pair went back and forth during the session on Friday, as we continue to bounce around in a consolidative form.

The USD/CAD pair initially fell during the course of the session on Friday, but as you can see found enough support near the 1.24 level to turn things back around and form a nice-looking hammer.

The AUD/USD pair broke higher during the course of the session on Friday, but as you can see there is plenty of selling pressure in general in this pair, as the Australian dollar continues to soften up against the US dollar.

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

Get the forecast for some of the major Forex currency pairs for the week of February 23, 2015 here.

Gold prices declined $6.46 an ounce on Thursday as demand for the greenback increased after the weekly unemployment claims data came in better than expected.

The EUR/USD pair broke higher during the beginning of the session on Thursday, but as you can see fell in order to test the 1.1350 region.

The USD/JPY pair rose during the course of the session on Thursday, as we continue to grind around the 119 level.

The USD/CAD pair tried to rally during the course of the session on Thursday, but struggled once we got above the 1.25 handle.