Forex Daily Forecast, Analysis and Prediction

The Euro shot higher during the trading session on Thursday, reaching towards the 1.11 EUR level before rolling over again.

Granted, the British pound has taken off during the last couple of sessions after initially breaking through the 1.20 GBP level.

The US dollar has rallied significantly during the trading session on Thursday, reaching above the 50 day EMA before pulling back a bit at the end of the New York session.

The Australian dollar rallied a bit during the trading session on Thursday, reaching towards the 50 day EMA which is rapidly reaching towards the market itself.

Natural gas markets have gone back and forth during the session on Thursday as we are starting to reach highs again.

Bitcoin markets continue to calm down, but this is a good sign as the market will continue to go back and forth in the huge orange box that I have marked on the chart.

The West Texas Intermediate Crude Oil market has struggled to hang onto gains during the trading session on Thursday, as we got a better than anticipated inventory figure, but have also failed at the downtrend line that has been so prevalent in this market.

Gold markets broke down rather significantly during the trading session on Thursday as we continue to see a lot of volatility around the world.

NZDUSD: Bullish break above bearish price channel advances

AUDUSD: Aussie goes marching on

USDJPY: More bullish but 106.73 still holds

Bitcoin: Bullish consolidation

USDCAD: Bearish as BoC passes on rate cut

Hotter temperatures forecasted in the United States continues to drive natural gas prices higher, as we have broken above the $2.40 level for the first time since July.

The Australian dollar has rallied quite nicely during the trading session on Wednesday, slamming into the 0.68 level, an area that should continue to offer plenty of resistance based upon recent action.