Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 21, 2016.

Get the Forex forecast featuring currency pairs crucial to trading for the week of November 21, 2016 here.

The Euro continues to slide as the Thursday session initially saw buyers enter the market, and then the market roll over completely. The British pound try to rally on Thursday but found the 1.25 level to be far too resistive to overcome.

The WTI Crude Oil market try to rally initially during the day on Thursday but found enough selling pressure above to turn the market back around and form a shooting star. Natural gas markets continued to struggle as well, as the oversupply in that market also continues to hinder growth of price.

The US dollar broke higher against the Japanese yen during most of the Thursday session, and it’s only quite remarkable: tested the 110 level after forming a shooting star the previous day.

The S&P 500 rallied during the day on Thursday as we continue to see buyers jump into this market. The NASDAQ 100 also rally during the day, and broke above the 4500 level.

Gold prices fell $9.01 on Thursday as the dollar strengthened after comments by Federal Reserve Chair Janet Yellen bolstered the case for raising interest rates in December.

Get the NZD/USD Forex signal for November 17, 2016 here.

Get the AUD/USD Forex signal for November 17, 2016 here.

Get the USD/JPY Forex signal for November 17, 2016 here.

Get the USD/CAD Forex signal for November 17, 2016 here.

Get the USD/CHF Forex signal for November 17, 2016 here.

Get the GBP/USD Forex signal for November 17, 2016 here.

Get the EUR/USD Forex signal for November 17, 2016 here.

The EUR/USD pair when back and forth on Wednesday, as we continue to see quite a bit of negative pressure going forward. The British pound did almost nothing during the day on Wednesday, as we continue to drift just below the 1.25 handle.