Forex Daily Forecast, Analysis and Prediction

Bitcoin did very little during the day on Thursday again, as we continue to grind sideways in a very tight range.

The S&P 500 made a fresh, new, high price for the session on Thursday, as we continue to power to the upside.

The WTI Crude Oil market rallied during the day, and even broke to a fresh, new high but then turned around to show that we still have a significant amount of resistance above.

The US dollar pulled back a bit during the session on Thursday, and then turned around to rally again.

Gold prices ended Thursday’s session up $3.38 an ounce as a lower U.S. dollar index prompted a bit of buying interest in the gold market.

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The Euro rallied a bit during the trading session on Wednesday but continues to find trouble at the downtrend line I have marked on the chart.

The bitcoin markets did very little during the day on Wednesday, as we continue to struggle in general.

The US dollar has gone back and forth against the Japanese yen during trading on Wednesday, as we have tested a major downtrend line on the large symmetrical triangle that I have been paying so much attention to.

The WTI Crude Oil market exploded to the upside as Iranian embargo restrictions are put on, and of course the inventory drawl was slightly under expected, but was still strong.

The S&P 500 did very little during the day on Wednesday, as we are hovering near the highs.

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