Forex Daily Forecast, Analysis and Prediction

Natural gas markets have fallen a bit during the trading session on Friday, to reach down towards the $1.80 level.

Bitcoin markets have fallen a bit during the trading session on Friday, pulling back from the $9500 region.

The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Friday, slicing through the $52.50 level again,

Gold markets have gapped lower to kick off the trading session on Friday, filled the gap from the Thursday session, only to turn around and go to the upside.

Brexit was implemented, and while the UK will abide EU rules as well as regulations during the transition period,

With the rise in confirmed cases as well as a growing death toll in the coronavirus, crippling the global supply chain, safe-haven assets like the Japanese Yen are in demand.

Australian economic data showed an acceleration in the manufacturing recession, but an increase in annualized building approvals.

GBP/USD: Pivotal support level at 1.3141

EUR/USD: No long or medium-term trend

The Euro fell during the month for the most part, reaching down towards the 1.10 level, an area that has been pretty significant support over the last several months.

The British pound has exploded to the upside during the last week of the month, as January ended up being very bullish.

The United States dollar has had a complete turnaround during the month of January against the Chinese Yuan, as the market initially broke down,

The British pound initially fell during the month, but as you can see it has been rather resilient.

The New Zealand dollar has gotten absolutely crushed against most currencies around the world. See what's in store for February here.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of February 3, 2020.