Forex Daily Forecast, Analysis and Prediction

The long-term bearish trend is still technically valid.

The AUD/USD price bounced back as the US dollar retreated for the first time in six days.

The EUR/USD pair was in a tight range on Monday morning as traders prepared for a relatively busy trading week.

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The West Texas Intermediate Crude Oil market has fallen rather drastically on Thursday, as we gapped lower and then reached below the $65 level.

The US dollar has had a very strong session on Thursday as we have broken above the 1.28 level against the Canadian dollar.

The Parisian index gapped lower to kick off the trading session on Monday, as we are seen a massive amount of negative pressure on indices around the world.

The S&P 500 has fallen but as you can see the 50 day EMA has offered quite a bit of support, as well as the uptrend line that has been so important for so long.

The NASDAQ 100 has fallen a bit during the trading session on Thursday to reach down towards the 50 day EMA.

The gold markets have gone back and forth during the course of the trading session on Thursday, as the 50 day EMA above continues to offer a bit of resistance.

The Aussie dollar has fallen rather hard during the trading session again on Thursday as we continue to see money flow away from Asia, and into bonds in America.

Bitcoin markets have rallied during the trading session on Thursday as we continue to look for some type of upward momentum to take on.

The Euro has broken down during the trading session on Thursday after initially trying to turn things around.