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Monthly Forex Forecast
Top Forex BrokersMonthly Forex Forecast
Trend Remains Ugly as Crucial Lows Get Contested
WTI Crude Oil has experienced choppy trading as nervous sentiment has stirred the value of the commodity, but as January approaches the trend higher is solid.
Powerful Sudden Bursts Become Common Place for Traders
I believe that most of January is going to be about buying dips.
The NASDAQ 100 has had the Santa Claus rally, and now looks as if it is likely to pull back a bit as we head into the month of January.
The euro has been a great way to watch money get spent sideways for a while, and I suspect that the very beginning of January will be more of the same.
The US dollar has been drifting lower against the South African rand towards the end of the year.
The beginning of the month will probably be choppy to say the least, because there will be a lot of people out there trying to put money to work for the year.
WTI Crude Oil has delivered a punch to speculative positions the past handful of days as the commodity reacts to nervous global trading conditions.
Gold clearly demonstrated a rather turbulent month of results in November and traders should prepare for the potential of additional amusement park-like thrills.
SHIB/USD remains the speculative darling for many cryptocurrency traders attracted to its incremental and fast-paced trading environment.
ADA/USD is trading near crucial support levels as its price slide has seemingly gained momentum, and is now producing important mid-term lows.
XRP/USD has slumped the past few weeks after hitting a mid-term high on the 11th of November, and important support is now within sight.
DOGE/USD remains within the grips of a rather strong bearish trend and speculators who have a bullish mindset are having their stamina tested.
ETH/USD began the month of November continuing its solid bullish streak upwards and created all-time price values, but since accomplishing the highs, Ethereum has trended lower.