Forex Daily Forecast, Analysis and Prediction

The Euro initially fell during trading on Monday but then turned around to show signs of strength towards the end of the day.

The Bitcoin market fell during the trading session on New Year’s Eve, showing more signs of weakness and a perfect ending to the year that has been so bad.

The WTI Crude Oil market rallied a bit during the trading session on Friday, but the New Year’s Eve session of course would have had very little in the way of liquidity.

The S&P 500 did pull back initially during the trading session on Monday, but then broke above the 2500 level.

The US dollar has fallen again against the Japanese yen, with accelerated selling towards the end of the day on New Year’s Eve.

Get the USD/CAD Forex signal for January 2, 2019 here.

Get the USD/CHF Forex signal for January 2, 2019 here.

Get the GBP/USD Forex signal for January 2, 2019 here.

Get the EUR/USD Forex signal for January 2, 2019 here.

The Euro has been very choppy as of late, bouncing around in a relatively tight range.

The US dollar fell rather significantly towards the end of 2018, slicing through a major uptrend line, and of course the ¥112 level.

The US dollar rallied quite significantly against the Canadian dollar during most of December, reaching towards the top of a major channel.

The New Zealand dollar has been very bullish against the Canadian dollar of the last several months, but December started to see significant resistance from around the 0.9250 level.

The US dollar has fallen in the late part of December against the Mexican peso, as we have seen US dollar strength dissipate after a less than hawkish Federal Reserve statement.

The Euro rallied initially during the session on Friday but continues to find resistance above the 1.1450 level.