Forex Daily Forecast, Analysis and Prediction

Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of october 21, 2018 here.

The Euro initially tried to rally on Thursday but then broke down through the 1.15 level to reach towards 1.1450 level underneath, an area that has recently caused a bit of a bounce.

Bitcoin continues to grind lower, losing almost 3% by the time I got to my desk to record this video.

The S&P 500 has fallen rather hard again during the trading session on Thursday, crashing back towards the 2750 handle before bouncing slightly.

The WTI Crude Oil market fell during the trading session on Thursday, reaching down towards the 61.8% Fibonacci retracement level.

The US dollar plummeted against the Japanese yen as a bid to safety came back into focus on Thursday.

Get the NZD/USD Forex signal for October 18, 2018 here.

Get the AUD/USD Forex signal for October 18, 2018 here.

Get the USD/JPY Forex signal for October 18, 2018 here.

Get the BTC/USD Forex signal for October 18, 2018 here.

The Euro fell during the trading session on Wednesday, slamming into the 1.15 handle.

Bitcoin markets did very little during the trading session on Wednesday, as we continue to dance around in the descending triangle.

The WTI Crude Oil market had a very negative session on Wednesday, which of course makes quite a bit of sense considering that the inventory number was horrible.

The S&P 500 spent most of the day falling during Wednesday trading, but found the area below the 2800 level to be a bit supportive.

The US dollar initially fell against the Japanese yen during trading on Wednesday but found the ¥112 level to be supportive enough to turn things around.