Forex Daily Forecast, Analysis and Prediction

Gold markets initially dipped a little bit during the trading session on Friday, reaching down towards the $1500 level.

The NASDAQ 100 got absolutely hammered during the trading session on Friday for several different reasons.

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Gold markets initially pulled back a bit during the New York trading session on Thursday but found enough buyers underneath near the $1500 level to turn the market around and form a bit of a hammer.

The West Texas Intermediate crude market initially tried to rally during the New York trading session on Thursday, running into a significant amount of resistance.

The US dollar fell a bit during the early New York trading session before bouncing on Thursday and we continued to see a lot of back and forth against the Japanese yen.

The S&P 500 pulled back a bit during the trading session on Thursday but has also found quite a bit of support to turn things right back around to form a hammer.

Natural gas markets initially tried to rally during the trading session on Thursday to slam into the $2.20 level.

The NASDAQ 100 fell initially during trading on Thursday but has turned around to show resiliency again at the 50 day EMA. That being the case, it looks as if we are trying to break out above the resistance at the 7800 level.

The British pound broke out during the trading session on Thursday, smashing through the pink resistance area that I have marked on the chart.

The Euro has gone back and forth over the last week, and Thursday was just more of the same.

Bitcoin markets initially fell during the New York trading session on Thursday but then found enough support at the uptrend line to turn around and form a significant hammer as the market continued to show signs of resiliency.

The Australian dollar fell a bit during the New York trading session on Thursday but it remains well within the trading range that we have been in for the past few weeks.