Forex Daily Forecast, Analysis and Prediction

Get the EUR/USD Forex signal for January 30, 2017 here.

The EUR/USD pair rallied on Friday, but as you can see struggle to hang on to those gains. The British pound fell significantly during the session on Friday but found enough support at the 1.25 level to turn things around and form a hammer.

The WTI Crude Oil market fell initially on Friday but found support near the $52.50 level as we continue to chop back and forth. The natural gas markets fell initially on Friday, testing the $3.25 level.

The S&P 500 fell slightly on Friday, as it looks as if the market has run out of momentum. The NASDAQ 100 broke higher during the day, testing the highs from the shooting star on Thursday.

The US dollar rallied during the Friday session, reaching above the 115 handle. The Australian dollar had a volatile and choppy session on Friday, so having said that it looks as if we are still trying to find our way forward.

Gold ended the week down 1.5% at $1191.13 an ounce, ending its four-week winning streak, as surging U.S. stock markets took some momentum away from the precious metal.

Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of January 30, 2017.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of January 30, 2017.

Check out the Forex forecast focusing on major currency pairs for the week of January 30, 2017 here.

The EUR/USD pair broke down during the day on Thursday, touching the 50-day exponential moving average. The British pound had a calm session on Thursday, considering that we had broken out so strongly during the Wednesday session.

The US dollar bounce against the Japanese yen during the session on Thursday, testing the 115 handle. The Australian dollar had an interesting day as we fell, reaching towards the 0.75 level against the US dollar.

The WTI Crude Oil market rallied on Thursday, as we continue to see quite a bit of volatility in this market. The natural gas markets initially tried to rally during the day on Thursday, but found the $3.50 level to be massively resistive.

The S&P 500 rallied initially during the session on Thursday, but turned around to form a shooting star. The NASDAQ 100 initially tried to rally during the day on Thursday as well, but just as we saw in the S&P 500, the market struggled and ended up forming a shooting star.

Get the NZD/USD Forex Signal for January 26, 2017 here.

Get the AUD/USD Forex Signal for January 26, 2017 here.