Forex Daily Forecast, Analysis and Prediction

The market is still very sluggish and does not look very strong, due to the fact that the yields in America continue to throw it around.

We have been in a downtrend in this market for quite some time, and it certainly looks as if we may continue to see this.

It looks as if the market is going to continue to see a lot of volatility, and the oil market has been overbought for some time.

The S&P 500 fell during most of the trading session on Friday but also turned around by the end of the session.

NASDAQ 100 traders were somewhat stabilizing during the trading session on Friday as we saw a hammer form heading into the “quad witching” hour.

The euro continues to go back and forth overall, as we are hanging around at the 1.19 level.

We have turned around to form a rather bullish candle by the end of the day, so at this point I think we are going to continue to see quite a bit of resiliency.

At this point, we are trying to figure out whether or not we are going to go sideways or breakdown.

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The West Texas Intermediate Crude Oil market lost almost 10% during the trading session on Thursday to slice through the $60 level.

The DAX gapped higher to kick off the trading session on Thursday and then shot straight up in the air.

The US dollar initially fell again against the Canadian dollar, but after oil started to fall, we saw a complete reversal and what is almost certainly a candlestick that will catch a lot of attention.

The NASDAQ 100 got hammered on Thursday as bond yields in America spiked quite drastically.