Forex Daily Forecast, Analysis and Prediction

Get the GBP/USD Forex signal for December 7, 2017 here.

Get the EUR/USD Forex signal for December 7, 2017 here.

The EUR/USD pair initially tried to rally during the trading session on Thursday, but then rolled over to break slightly below the 1.18 level.

The S&P 500 initially fell on Wednesday, testing the 2625 handle for support, but we turned around to bounce and form a hammer during the day.

With a weaker than anticipated inventory number, the WTI Crude Oil market rolled over, and of course the lack of demand is very negative.

The US dollar initially tried to rally during the trading session on Wednesday, but then fell towards the 112 level.

Gold prices ended Wednesday’s session down $2.89 an ounce as strength in the U.S. dollar and a recovery in stock markets weighed on the market.

Get the NZD/USD Forex signal for December 6, 2017 here.

Get the AUD/USD Forex signal for December 6, 2017 here.

Get the BTC/USD Forex signal for December 6, 2017 here.

The EUR/USD pair gapped lower initially during the trading session on Tuesday, reaching down towards the 1.18 handle.

The S&P 500 initially tried to rally during the trading session on Tuesday, but found enough resistance at the 2650 level to turn around and form a shooting star, which of course is a very negative sign.

The US dollar tried to rally during most of the session, but found enough resistance above to turn things around and form a shooting star.

The WTI Crude Oil market went back and forth during the trading session on Tuesday, as we are struggling to keep momentum.

Get the USD/JPY Forex signal for December 6, 2017 here.