Forex Daily Forecast, Analysis and Prediction

The Euro initially tried to rally during the trading session on Friday, but then fell rather hard yet again.

The US dollar fell rather hard against the South African Rand during the trading session on Friday, after forming a massive shooting star from the Thursday session.

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The US dollar rallied a bit during the trading session on Friday, reaching towards the 200 day EMA.

The WTI Crude Oil market rallied a bit during the trading session on Friday, closing above the $60 level which is a good sign.

The S&P 500 continues to show strength as although it wasn’t an explosive day, Friday was positive.

Gold markets went back and forth rather violently during the trading session on Friday, as we tested a trend line underneath.

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The Euro fell pretty hard during the trading session on Thursday but remained above the vital 1.12 handle.

The US dollar went back and forth during the trading session on Thursday as we tried to break above the crucial 200 day moving average against the Mexican peso.

The WTI Crude Oil market has pulled back rather significantly during trading on Thursday, only to turn around and form a nice-looking hammer for the daily chart.

The US dollar has pulled back a bit during the trading session on Thursday, only to test the ¥110 level.

The S&P 500 has had an interesting session, initially trying to dip below the 2800 level but then broke higher as the massive support just below that level continues to hold.