Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market has bounced off the major trendline that I have marked on the daily chart.

The S&P 500 got hammered during the trading session again on Friday but bounced nicely from the 2650 handle.

Gold prices settled at $1233.54 an ounce on Friday, scoring a gain of 0.46% on the week, as rising volatility in global equity markets bolstered demand for gold.

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The Euro initially tried to rally during the trading session on Thursday but then broke down rather significantly.

Bitcoin markets continue to do very little during the day, and it looks very likely that we are entering a sideways market.

The S&P 500 gapped higher at the open on Thursday, and then reached towards the 2700 level.

The US dollar initially tried to fall during the session on Thursday but turned around and reached towards the upside again.

The WTI Crude Oil market had a solid day on Thursday, reaching towards the $67.50 level.

Gold prices fell $2.65 an ounce on Thursday as the U.S. dollar strengthened ahead of key U.S. economic data.

The slaughter continues with anything not labeled “USD.” We’ve broken pretty significant support in the EUR/USD pair.

Bitcoin continued to do nothing during the day on Wednesday, as the $6600 level was the fulcrum for price.

The WTI Crude Oil market rallied rather significantly during the trading session, perhaps in a bit of a “dead cat bounce” on Wednesday after being sold off so brutally on Tuesday.