Forex Daily Forecast, Analysis and Prediction

The Dow Jones Industrial Average rose during its recent trading on intraday levels, to achieve gains in its last sessions by 0.53%.

Spot natural gas prices (CFDS ON NATURAL GAS) rose slightly during their early trading on Tuesday, to achieve slight daily gains until the moment of writing this report, by 0.20%.

The USD/MXN has delivered a solid reversal lower which has created lower values that are again challenging early December prices.

The USD/ZAR has fallen in price the past week of trading, and this has created a lower price range for speculators to consider, one that could be dangerous in the near term.

The GBP/USD is hovering near its lowest level since December 1 as the US dollar strength continued.

The EUR/USD price moved sideways on Tuesday morning as thin trading persisted in the market.

The BTC/USD price remained in a consolidation phase during the Christmas weekend as demand for cryptocurrencies waned and outflows continued.

My previous signal on 20th December were not triggered as there was no bearish price action when the price first reached the resistance level which I had identified at $0.6675.

The USD/JPY continues to grind around the ¥132.50 level, an area that has been important multiple times in the past.

The USD/CAD continues to hang around the 50-Day EMA against the Canadian dollar, focusing on the $1.35 level.

The GBP/USD continues to hang around the 1.20 Handel, an area that has been important multiple times in the past.

The EUR/USD has done almost nothing over the last week, and that will probably continue to be the case going forward.

The AUD/USD has bounced from the 50-Day EMA again, showing resiliency.

The West Texas Intermediate Crude Oil market rallied on Friday to show signs of life again, reaching the 50-Day EMA.

The S&P 500 has been slightly positive during the Friday session, but Monday will have had the underlying index close.