Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair attempted to make a comeback on Monday as concerns about the Boris Johnson administration remained.

The EUR/USD pair retreated slightly on Friday after the US published relatively weak retail sales numbers.

The BTC/USD pair moved sideways during the weekend as investors attempted to buy the dip following last week’s major crash.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of January 17, 2022.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 17, 2021 here.

Start the week of January 17, 2022 with our Forex forecast focusing on major currency pairs here.

Gold market sold off rather drastically, but the market then turned around to show signs of life in order to form a bit of a hammer.

The Bitcoin market has pulled back just a bit during the trading session on Thursday as we continue to see a lot of noisy behavior in general.

The WTI Crude Oil market has acted a bit sluggish on Thursday, but that is not a huge surprise considering just how parabolic we have been as of late.

The S&P 500 initially tried to rally during the trading session on Thursday but then broke down rather significantly.

The NASDAQ 100 has been hammered during the trading session on Thursday to pull back from the 50 day EMA.

Monero has been one of the bright spots in the crypto markets, as we have seen the market gained roughly 10%, as we are now above the 50 day EMA.

The Ethereum market has pulled back just a bit during the course of the trading session on Thursday to reach down towards the $3250 level.

The Euro has rallied a bit during the course of the trading session on Thursday to break above the 1.1450 level.

The US dollar has gone back and forth during the trading session on Thursday as it looks like it is trying to find support against the South African Rand.