Forex Daily Forecast, Analysis and Prediction

Like the case in the previous technical analysis, we still expect that any gains for the pound will be a new sell opportunity.

As expected earlier any gains of the GBP will be a selling opportunity, because the British economic sectors are producing unstable results and always affecting negatively, in addition to the renewed fears of a hard BREXIT.

Gold prices rose $3.39 an ounce on Thursday, benefitting from a drop in the U.S. dollar index.

The EUR/USD pair fell during the trading session on Wednesday, testing the 1.15 level. The British pound fell slightly during the day on Wednesday, testing the 1.30 level.

Get the NZD/USD Forex signal for July 20, 2017 here.

Get the AUD/USD Forex signal for July 20, 2017 here.

Get the USD/JPY Forex signal for July 20, 2017 here.

Get the USD/CAD Forex signal for July 20, 2017 here.

Get the USD/CHF Forex signal for July 20, 2017 here.

Get the GBP/USD Forex signal for July 20, 2017 here.

Get the EUR/USD Forex signal for July 20, 2017 here.

The WTI Crude Oil market rallied during the session on Wednesday, breaking above the top of the shooting star from Tuesday. Natural gas markets initially tried to rally during the day on Wednesday, but found the $3.10 level to be far too resistive.

The US dollar had a volatile session on Wednesday against the Japanese yen as we sliced below the 112 level. The Australian dollar continued its moved to the upside during the Wednesday trading session, reaching towards the 0.7950 level.

The S&P 500 broke to the upside during the day on Wednesday, clearing the top of the hammer that formed on Tuesday. The NASDAQ 100 broke to the upside during the day, slicing through the 5900 level.

Gold prices ended Wednesday’s session down $2.32 as the dollar recovered some of its recent losses ahead of announcements from the Bank of Japan and the European Central Bank.