Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially fell during the day on Friday but found enough support underneath to turn around and form a hammer again.

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Get the EUR/USD Forex signal for November 13, 2017 here.

Gold snapped a three-week losing streak as a softer dollar and falling stocks prompted investors to seek safer assets.

Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of November 13, 2017.

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The EUR/USD pair rallied a bit during the day on Thursday, as we continue to consolidate between the 1.16 level on the bottom, and the 1.17 level at the top.

The US dollar initially tried to rally during the session on Thursday but then rolled over towards the 113 handle.

The S&P 500 fell significantly during the day on Thursday, slicing through the 2575 handle. By doing so, it shows just how precarious this rally is, because quite frankly we are overextended.

The WTI Crude Oil market rallied a bit during the day, but quite frankly it’s Lenny overextended at this point, and it looks as if the $58 level is going to continue to cause issues.

Gold prices rose for a second-straight session on Thursday as declines in global equities increased desire for safe haven diversification.

Get the NZD/USD Forex signal for November 9, 2017 here.