Forex Daily Forecast, Analysis and Prediction

Gold prices settled at $1279.89 an ounce on Friday, suffering a loss of 0.69% on the week but making a gain of 0.32% over the month.

Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 4 , 2017.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 4, 2017.

Get the Forex forecast for the week of December 5, 2017 featuring which pairs to pay close attention to during the week.

The EUR/USD pair initially fell during the trading session on Thursday, but found enough buying pressure near the 1.18 level to turn around and rally.

The S&P 500 rallied again during the trading session on Thursday, slicing through the 2650 level but pulling back towards the end of the day.

The US dollar rallied significantly during the trading session on Thursday, breaking above the vital 112 level.

The WTI Crude Oil market was very noisy during the trading session on Thursday, as we bounced around the $57.50 level.

Gold prices fell $9.14 an ounce on Thursday, weighed down by recent gains in stocks.

For us, this is going to be the market to pay attention to in the month of December, and probably January 2018 as well.

The USD/CAD pair has been very choppy during the course of the month of November, but is starting to look likely to finish on a very strong note.

The New Zealand dollar has been very choppy over the last month, after dropping rather significantly. See the full forecast for December 2017 here.

The GBP/USD pair has rallied over the last 4 weeks, and more importantly, has broken above the significant 1.3333 level.

The WTI Crude Oil market will be very interesting during the month of December, because we have a lot of different things going on at the same time.

Get the NZD/USD Forex signal for November 30, 2017 here.