Forex Daily Forecast, Analysis and Prediction

Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of February 5, 2018.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of February 5, 2018.

Enter the new trading week of February 5, 2018 prepared with our Forex forecast that details what's in store for the major currency pairs.

The EUR/USD pair initially fell during the trading session on Thursday, but then broke higher, breaking above the 1.25 level.

Bitcoin traders sold off the crypto currency during the session on Thursday, slicing through the $10,000 level, and of course the 61.8% Fibonacci retracement level.

The S&P 500 went back and forth during the trading session on Thursday, which makes a lot of sense considering we are awaiting the jobs numbers today.

The WTI Crude Oil market had a positive session on Thursday, as we broke above the $65 level again.

The US dollar has initially tried to rally during the day on Thursday but sold off later as traders would have squared up their positions ahead of the jobs number.

Gold prices ended Thursday’s session up $3.78 an ounce, extending gains from the previous session, as stock markets turned lower and the American dollar weakened.

Get the NZD/USD Forex signal for February 1, 2018 here.

The Euro rallied initially during the trading session on Wednesday but turned around to form a shooting star.

Bitcoin fell slightly against the US dollar during trading on Wednesday, in shrinking volume.

The S&P 500 rallied during the trading session on Wednesday but gave back quite a bit of the gains.

The WTI Crude Oil market rallied a bit during the trading session on Wednesday, as we reached the middle average of the Bollinger Bands.

The US dollar rallied against the Japanese yen during the trading session on Wednesday but struggled to maintain those gains towards the end of the day.