Forex Daily Forecast, Analysis and Prediction

Get the USD/CHF Forex signal for December 27, 2016 here.

Get the GBP/USD Forex signal for December 27, 2016 here.

Get the EUR/USD Forex signal for December 27, 2016 here.

The EUR/USD pair has been fairly quiet towards the end of the year, as we continue to hover above the 1.05 level. Get our Q1 2017 forecast for the EUR/USD pair here.

Gold markets have been extraordinarily bearish over the last several months, and with that being the case I don’t have an interest in buying this market.

The Australian dollar has been rather choppy over the last several weeks as I write this, but most importantly we have broken down below a significant uptrend line.

Get the Natural Gas forecast for the new trading quarter of 2017 here.

The US dollar has been falling against the Canadian dollar as of late, and as a rank in this article, we are testing a fairly significant support line. Get the forecast for the new trading quarter as 2017 approaches here.

Gold prices settled at $1133.64 an ounce on Friday, ending the week just below where they started, as traders digested a series of mixed U.S. data releases.

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 December 26, 2016.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 26, 2016.

The US dollar fell slightly against the Japanese yen on Friday, but quite frankly that’s a trading session that I would ignore. The AUD/USD pair fell on Friday, as traders will continue to look to the gold markets for guidance.

The S&P 500 had a quiet session on Friday as one would expect, as traders will have been thinking more about Christmas than putting money in a risky position. The NASDAQ 100 dipped on Friday, but did find enough buying pressure underneath to turn around and form a slightly positive candle.

The WTI Crude Oil market initially fell on Friday, but then found buyers as we got a bit bullish later in the session. Natural gas markets rose on Friday, trying to fill the gap above.

The EUR/USD pair rallied on Friday, but continues to see a lot of resistance at the 1.05 level. The British pound initially fell on Friday, but bounced enough to form a hammer.