Forex Daily Forecast, Analysis and Prediction

The gold markets have rallied a bit during the trading session on Friday, as we have seen a little bit of a recovery from the massive selloff on Thursday.

The EUR/GBP rallied a bit during the trading session on Friday but continues to struggle with the idea of breaking above the 0.8750 level, which extends resistance all the way to the 0.88 level.

The West Texas Intermediate Crude Oil market has fallen rather hard during the Friday session, as we head into the weekend.

The GBP/USD has gone back and forth during the trading session on Friday, as we continue to hang around the 200-Day EMA.

The AUD/USD initially tried to rally a bit during the trading session on Monday but gave back gain as it looks like we are continuing to roll over.

The NZD/USD rallied a bit during the trading session on Friday, as we try to stay within the consolidation area that we have been in for a while.

The EUR/USD initially tried to rally a bit during the trading session on Friday but has given back a bit of the gain to show signs of negativity, and then eventually went negative for the day.

My previous GBP/USD signal on 13th December produced a profitable short trade from the bearish rejection of the resistance level I identified at $1.2437.

The EUR/USD price pulled back slightly after the latest interest rate decision by the Fed and European Central Bank (ECB).

The BTC/USD price remained under pressure during the weekend as the outlook for the crypto industry darkened.

The AUD/USD pulled back to the lowest level since December 7 as the divergence between the Federal Reserve and the RBA emerged last week.

This coming week of trading will start with the EUR/USD near the 1.05840 ratio having accomplished another incremental climb via technical charts.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.

West Texas Intermediate Crude Oil went into the weekend near a value of 74.59, which was a stronger close than the previous Friday when the commodity was around 71.67 at the end of the day.