Forex Daily Forecast, Analysis and Prediction

Get the GBP/USD Forex signal for January 21, 2019 here.

Get the EUR/USD Forex signal for January 21, 2019 here.

The Euro has initially tried to rally during the trading session on Friday, after we formed a couple of hammers.

The US dollar has rallied a bit during the trading session on Friday, as we have seen a bit of US dollar strength overall.

The US dollar has rallied significantly during trading on Friday, reaching towards the psychologically and structurally important ¥110 level.

The WTI Crude Oil market broke higher during the trading session on Friday, slicing through the 50 day EMA which of course is a very bullish sign and could have Algo traders jump in.

The S&P 500 rallied again on Friday as we continue to see a lot of strength in the US stock markets.

Gold markets fell hard during the Friday session, crashing into the $1280 level, an area that I believe is significant support.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of January 20, 2019.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 20, 2019 here.

Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of January 20, 2019 here.

The Euro pulled back a bit during the trading session but continues to find support underneath as we formed a supportive candle for the second consecutive day.

Bitcoin continues to do almost nothing during the day, as Thursday was very quiet.

Gold markets were contained within the trading range that we have been in for some time during the day on Thursday, as we see the markets look for some type of direction, mainly from the US dollar if history is any indication.

The S&P 500 went back and forth during trading on Thursday, initially pulling back to test the 2600 level.