Forex Daily Forecast, Analysis and Prediction

The S&P 500 pulled back a bit during the trading session on Monday, as traders came back from the weekend.

The NASDAQ 100 has broken down a bit during the trading session on Monday as traders have fulfilled the target based upon the ascending triangle underneath.

The British pound rallied a bit during the trading session on Monday after the traders came back from the weekend, but ultimately this looks like a scenario where we are going to try to continue to break to the upside.

The Euro has rallied significantly during the trading session on Monday as traders came back from the weekend.

The Australian dollar has broken higher again during the trading session on Monday, as traders continue to flock towards the Aussie dollar.

Natural gas markets fell a bit during the trading session on Monday, to test the psychologically and structurally important $2.20 level

The gold markets rallied slightly during the trading session on Friday, and what would have certainly been very thin volume.

Bullish momentum is fading after price action reached its resistance zone, but it managed to record a marginally higher high.

Thin trading volumes allowed the NZD/JPY to extend its rally over the past two weeks, but 2020 may see the return of a risk-off period.

Turkey’s economy is forecast to expand by 3.0% in 2020. The Turkish government predicts economic growth of 5.0% in each of the next three years,

GBPUSD: Ranging between 1.3062 and 1.3143

EURUSD: Bullish Above 1.1188

Throughout last week's trading, the price of the EUR/USD pair rose in an upward correction despite the market being on holidays for Christmas,

The GBP/USD pair was not able to celebrate its strong gains after the announcement of a landslide victory for the Conservative Party led by Boris Johnson, which pushed it towards the 1.3514 resistance,

For the fourth consecutive day, gold prices stabilized around and above the $1500 psychological resistance level, with gains that extended to $1515