Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 10, 2021 here.

Start the week of January 10, 2022 with our Forex forecast focusing on major currency pairs here.

The West Texas Intermediate Crude Oil market has rallied again during the trading session on Thursday, as we have broken above the $79 level.

The US dollar initially rallied against the Canadian dollar during the trading session on Thursday, but as you can see gave up gains near the 1.28 handle.

Gold markets have broken down significantly on Thursday, as we have sliced through the $1800 level like it was not even there.

The S&P 500 has drifted a little bit lower on Thursday to reach down towards the crucial 50 day EMA that currently sits at the 4650 handle.

The NASDAQ has fallen significantly, but then turned around to show signs of support at the 15,600 level.

The German index gapped a little bit lower during the trading session on Thursday, but then fell rather significantly.

The Parisian index gapped lower to open up the trading session on Thursday, but then turned around to fill the gap and then turned back around.

The Euro has gone back and forth during the course of the trading session on Thursday, as we continue to grind around the 1.13 level.

The British pound is testing the top of the major downtrend line and the top of a major down trending channel.

The Bitcoin market has reached towards the $43,000 level on Thursday, as we have broken down rather significantly.

The minutes of the last meeting of the US Federal Reserve reiterated that the timing of raising US interest rates has become closer than previously thought.

The recent gains of USD/JPY that pushed it towards its highest level in five years, to reach the resistance level of 116.35, may be followed by short deals to take profits.

The steadfastness of the pound in the face of the strength of the US dollar is still the strongest.