Forex Daily Forecast, Analysis and Prediction

The Indian rupee rallied against the US dollar during the trading session on Thursday.

The West Texas Intermediate Crude Oil market fluctuated during the trading session on Thursday, in what would have been a shortened session driven by Globex trading.

The DAX Index initially drifted lower during the trading session on Thursday but found enough buying pressure to turn things around and reach towards the 13,584 level by the time we closed.

Support at $26,012 looks pivotal.

Gold markets rallied during the trading session on Thursday, heading into the Christmas season.

The Australian dollar rallied during the trading session on Thursday ahead of the holidays.

The NASDAQ 100 has been very quiet during the trading session on Thursday, as it was most of the week.

The S&P 500 did very little during the trading session on Thursday, but that is not a huge surprise.

Price may be breaking out from narrowing triangle.

The S&P 500 was somewhat sideways over the course of December, and part of that was the hesitancy to jump in with both feet given how stimulus has been held up.

Gold markets have recently been drifting lower, pulling back from the $2100 level which was the recent high.

The euro has had a relatively good end of the year for 2020, so it is likely that we will see a bit of exhaustion in this general vicinity.

The British pound had a relatively choppy month in December as we finally got over the finish line when it came to the Brexit situation.

Without a doubt, the NASDAQ 100 is one of the better performing indices coming out the United States.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 28, 2020.