Forex Daily Forecast, Analysis and Prediction

The Euro rallied a bit during the trading session on Monday but is still within consolidation.

Bitcoin rallied significantly during the trading session on Monday, showing signs of strength based upon the candlestick.

The S&P 500 initially tried to rally during the trading session on Monday but was rejected and pushed below the 2600 level.

The US dollar initially tried to rally to kick off the week, but then rolled over to break down significantly.

The WTI Crude Oil market initially tried to rally during trading on Monday, but then broke down rather hard.

Gold prices rose $9.66 an ounce on Monday, lifted by a slump in the dollar ahead of this week’s Federal Reserve meeting.

Gold prices ended Friday’s session down $3.84 an ounce as the dollar strengthened following upbeat data on U.S. retail sales and industrial output.

The Euro fell during trading on Friday, as Mario Draghi was a bit more dovish than anticipated.

The US dollar initially rallied against the Mexican peso, reaching the 20.50 pesos level, an area that I pointed out previously.

The WTI Crude Oil market fell a bit during the trading session on Friday, as we continue to bounce around in a symmetric shaped triangle.

The US dollar has fallen during trading on Friday at the downtrend line that I have marked on the chart.

The S&P 500 broke down significantly during the trading session on Friday, falling down to the 2600 level.

Get our Forex forecast for the week of December 17, 2018 that lets you know what pairs to pay close attention to here.

One of the most difficult tasks that I have is a technical analyst is to predict the yearly movement of a Forex pair. However, there are some general macro events or issues that can come into play, giving me some things to think about going into the New Year.

Out of all of the yearly forecasts that I am doing for Daily Forex, this is probably the most difficult to get my head around.