Forex Daily Forecast, Analysis and Prediction

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

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

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

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

Check out the weekly signal for the EUR/CHF pair here.

Gold continued to gain ground against the American dollar as disappointing economic data out of the world's largest economy (especially on the housing front) and escalating tension in Ukraine increased the shiny metal's attractiveness as a safe-haven asset.

The WTI Crude Oil markets fell during the bulk of the session on Friday, but as you can see found enough support at the $102 level to turn back around and form a hammer by the end of the day.

The EUR/USD pair went back and forth during the session on Friday, essentially hovering above the 1.37 level yet again.

The CAD/JPY pair fell during the session on Friday, but as you can see found enough support at the 92 handle in order to bounce and form a hammer for the second day in a row. This is a pretty strong sign, and because of that I believe that this pair is in fact going to go higher.

The GBP/USD pair initially tried to rally during the session on Friday, but as you can see gave back all of the gains as it appears the 1.67 level is starting to offer significant resistance.

The USD/CAD pair rallied during the session on Friday, but as you can see gave back most of the gains in order to form a shooting star. The shooting star looks like it is in reaction to the 1.12 level, an area that I had anticipated been resistive again.

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

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

Check out the weekly Forex forecast for some of the major pairs here for the week of February 24, 2014.