Forex Daily Forecast, Analysis and Prediction

With gold prices moving above the psychological peak level at $1300 an ounce at the last 2017 trades on last Friday, it helped the yellow metal maintaining the upward

It is clear on the daily chart for the USD/JPY, the start of a new bullish break, as the pair has moved towards the support at 112.50.

During the end trading of 2017, the GBP/USD achieved stronger gains pushing the pair to the resistance at 1.3544 level, before it settled around 1.3500.

A strongly positive start for the EUR/USD pair in the initial 2018 trading, as the pair succeeded in settling above the psychological top at 1.2000 and reached 1.2025

The EUR/USD pair broke out to the upside during the trading session on Friday, slicing through the 1.20 level.

Bitcoin traders have sold over the last couple of sessions, as we are below the $13,000 level at the time of this recording.

The US dollar fell against the Japanese yen during the trading session on Friday, and what would have been very thin trading.

The S&P 500 initially tried to rally during the session on Friday, but found enough resistance at the 2700 level to turn things around and form a negative looking candle.

The WTI Crude Oil market rallied during the day on Friday, and what would have been very thin trading.

Gold prices settled at $1302.40 an ounce on Friday, rising 1.85% during the week and 13.1% over the year.

Get the weekly forecast for the major Forex currency pairs for the week of January 1, 2018 here.

Gold prices rose for a sixth consecutive session on Thursday, hitting the highest level since November 29, as the dollar’s weakness persisted.

The EUR/USD pair broke higher during the trading session on Thursday, clearing the 1.19 level.

The WTI Crude Oil market rallied a bit during the trading session on Thursday, testing the $60 level.

The US dollar broke down significantly during the trading session on Thursday, slicing below the 113 level.