Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil markets rose during the session on Friday, as the nonfarm payroll numbers come out just a little bit better than anticipated.

The EUR/USD pair rallied during the session on Friday, but gave back quite a bit of the gains after the nonfarm payroll number came out better than anticipated.

The NZD/USD pair rose during the session on Friday, but as you can see the 0.85 level offered far too much in the way of resistance.

Check out the weekly Forex forecast for the major pairs here.

The WTI Crude Oil markets fell during the session on Thursday, finding plenty of support down at the $100 level though. The resulting action caused a hammer to form, and now I am getting more and more bullish of this contract.

The EUR/USD pair shot straight through the 1.38 level during the session on Thursday, as the European Central Bank suggested that it wasn’t going to do anything to loosen monetary policy anytime soon.

The USD/CAD pair fell during the session on Thursday, slicing through the 1.10 level. Although this is a fairly significant round number, I believe that it is simply the beginning of support, and that it runs down to the 1.09 handle.

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Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the EUR/USD pair here.

The WTI Crude Oil markets fell hard on Wednesday, testing the $101 level for support. While the level did hold, it seems to be threatened significantly, and I feel that this market is probably going to continue to fall a bit.

The EUR/USD pair fell during the majority of the session on Wednesday, but found enough support to bounce and form a hammer.

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Check out the Forex signal for the GBP/USD pair here.

Check out the Forex signal for the EUR/USD pair here.