Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 29, 2018.

The Euro fell during the trading session on Thursday as the 50 EMA has offered resistance on the daily chart, and of course the down trending line from the symmetrical triangle that I have drawn.

Bitcoin markets have attempted to rally during the trading session on Thursday but gave back much of the gains as it looks like we are ready to pull back a bit.

The US dollar has initially fallen against the Japanese yen but continues to find support at the 50 EMA.

The S&P 500 initially dipped during the trading session on Thursday but turned around to form a bit of a hammer.

The WTI Crude Oil market rallied slightly during the trading session on Thursday, testing the $70 level.

The Euro continues to be very choppy and range bound, as the market looks too tight to move

The WTI Crude Oil market initially dipped a bit during the day on Wednesday but then rallied towards the $70 level.

The US dollar has fallen against the Japanese yen again, as we continue to see a significant amount of bearish pressure on the greenback.

The S&P 500 has rallied again during the trading session on Wednesday, crashing into a major supply area in the form of the 2830 area.

Bitcoin rallied initially at the open on Wednesday but turned around to retrace back to the $8100 level.

Despite the bearish effects that Trump’s comments on tariffs had on the USD, the overall trend remains bullish as long as the pair remains above the 110.00 resistance level.

The EUR / USD continues its cautious gains as the pair rose to 1.1743 early Thursday ahead of the ECB's announcement of its monetary policy decisions and comments of its governor Mario Draghi.

Get the NZD/USD Forex signal for July 26, 2018 here.

Get the AUD/USD Forex signal for July 26, 2018 here.