Forex Daily Forecast, Analysis and Prediction

The British pound has initially tried to rally during the trading session on Thursday but then sold off as we got close to the 1.2250 level.

The Euro initially tried to rally during the trading session on Thursday, but then broke down yet again as we continue to grind lower.

Gold markets fell rather hard during the trading session on Thursday, breaking down from the $1550 level.

The West Texas Intermediate Crude Oil market rallied rather significantly during the trading session again on Thursday, pressing the top of the shooting star from the previous session.

The Bitcoin market fell again during the trading session on Thursday, as we have broken through an uptrend line, and now looks susceptible to selling pressure.

Natural gas markets rallied a bit during the trading session on Thursday, breaking above the 50 day EMA.

The S&P 500 has rallied quite stringently during the trading session on Thursday, heading towards the top of the consolidation area that we been in for some time based upon the idea that the Chinese are not going to continue retaliating in the trade war.

Silver: New 18-month highs above $18.60

NZDUSD: Bearish price channel still holding

AUDUSD: Confused situation below 0.6750

USDJPY: Higher support at 105.86

The S&P 500 has found quite a bit of volatility during the trading session on Wednesday, initially dropping down towards the 200 day EMA before rallying again.

The NASDAQ 100 has continued to go back and forth during the trading session on Wednesday, as we have seen on Tuesday.

The US dollar has rallied slightly during the trading session on Wednesday, as we continue to consolidate against the Japanese yen.

The British pound has broken down a bit during the trading session on Wednesday, as we continue to see a lot of noise in this market.