Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair fell rather significantly during the course of the day on Friday as the United Kingdom voted to leave the European Union.

The USD/JPY pair fell significantly during the course of the day on Friday as we ended up slicing through the 100 level at one point in time. The AUD/USD pair fell significantly during the course of the day as well, as the risk off move pummeled the so-called “risky” currency in this pair.

The S&P 500 fell rather significantly during the course of the day on Friday in reaction to the United Kingdom leaving the European Union. The NASDAQ 100 not only sell, but it actually fell through a large, round number in the form of 4300.

The WTI Crude Oil market fell somewhat significantly during the course of the session on Friday as we got news that the United Kingdom was leaving the European Union. The natural gas markets fell initially during the day on Friday, but turned back around to form a bit of a hammer.

Gold prices settled at $1317.33 an ounce on Friday, a rise of 2.4% over the course of the week's trading, as investors sought refuge from volatility in the wider markets.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 27, 2016.

The week ended in a bit of turmoil as Britian voted to leave the European Union. The markets entered the weekend in a mess, so see what the major currency pairs have in store for the upcoming trading week of June 27, 2016 with the Forex forecast here.

The GBP/JPY pair initially fell during the day on Thursday, but turned right back around to form a very bullish candle.

The USD/JPY pair initially fell during the course of the day on Thursday, but turned right back around to break out above the 105 level. The AUD/USD pair broke higher during the course of the session on Thursday, finally clearing the consolidative rectangle that we have been in recently.

The WTI Crude Oil market fell initially during the day on Thursday, but found enough bullish pressure to break back towards the $50 level. The natural gas markets fell initially during the course of the day but bounced enough to form a bit of a hammer.

The EUR/USD pair initially tried to rally during the course of the session on Thursday, but sold off as the 1.14 level above had provided quite a bit of resistance.

Gold prices fell for a third straight session on Thursday to settle at their lowest level since June 7 on expectations that Britain would vote to stay in the European Union.

The S&P 500 had a positive session on Thursday as we not only broke above the median range of the Bollinger Bands, but we also broke above the 2100 level. The NASDAQ 100 broke higher during the course of the day as well, clearing the 4440 handle and continued to go higher at one point in time.

Get the USD/JPY Forex signal for June 23, 2016 here.

Silver markets have been rather sideways over the last couple of weeks, so it makes sense that perhaps the market should remain within the consolidation that we’ve seen for some time.