Forex Daily Forecast, Analysis and Prediction

The US dollar has been very negative against the Canadian dollar during most of the month of January, as oil markets have shown a significant amount of strength.

The British pound has been very noisy over the last couple of weeks, but the one thing it has been consistently is bullish.

The US dollar has gone back and forth during the week, testing the 108 handle for support, an area that has clearly been an area of interest for the buyers over the last year,

The Australian dollar has been extraordinarily strong over the last several weeks, and it looks as if we are pressuring to the upside yet again.

Get the NZD/USD Forex signal for January 31, 2018 here.

Get the AUD/USD Forex signal for January 31, 2018 here.

Get the BTC/USD Forex signal for January 31, 2018 here.

The EUR/USD pair trying to break out to the upside but turned around to form a shooting star.

Bitcoin fell against the US dollar again on Tuesday, reaching towards the 50% Fibonacci retracement level, and the psychologically important $10,000 level.

The S&P 500 has broken down during the trading session on Tuesday and formed a very negative candle on strong volume.

The WTI Crude Oil market broke down during the day on Tuesday, slicing below the $65 level, and the uptrend line that has been keeping this market higher for some time.

The US dollar has fallen a bit during the trading session against the Japanese yen, only to turn around and form a bit of a hammer.

Get the USD/JPY Forex signal for January 31, 2018 here.

Get the USD/CAD Forex signal for January 31, 2018 here.

Get the GBP/USD Forex signal for January 31, 2018 here.