Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair initially fell during the session on Thursday, but as you can see the 1.350 level offered enough support to push the market back up.

The EUR/CAD pair rose during the session on Thursday, breaking the top of the hammer that had formed on both Wednesday and Tuesday.

The USD/JPY pair fell during the session on Thursday, slamming into the 101.50 level. This general area offers quite a bit of support, and has going all the way back to the end of January.

The GBP/USD pair fell during the session on Thursday, after initially trying to rally. The 1.68 level has offered enough resistance to keep the market down the bed, but at the end of the day we ended up forming a hammer.

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

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

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

Gold prices continued to move higher yesterday as the American dollar weakened after the minutes from the Federal Open Market Committee's latest gathering suggested the U.S. central bank may hold interest rates extremely low for longer than previously thought.

The WTI Crude Oil markets rose during the session on Wednesday, breaking above the $103 level. That being the case, it appears the market is trying to go higher, and the buyers have certainly stepped up the pressure.

The EUR/USD pair initially fell during the session on Wednesday, but found enough support near the 1.3780 level to bounce and break significantly higher during the session.

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

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

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