Forex Daily Forecast, Analysis and Prediction

The S&P 500 has rallied a bit during the trading session on Friday as the 50-Day EMA has offered a certain amount of support.

The EUR/USD has been very noisy during the trading session on Friday, showing signs of a little bit of bullish pressure, but quite frankly we are hanging around the same area that we have been around for a while.

The Dow Jones Industrial Average has been relatively quiet during the trading session on Friday, sitting right around the 33,000 level.

The USD/BRL went into the weekend near the 5.2075 mark.

The USD/ZAR is trading near the 17.12700 mark as of this writing and the currency pair continues to display a rather nervous volatile range.

The BoJ concluded its first monetary policy meeting of the year last week.

The GBP/USD had an eventful week as the UK published important economic numbers.

The AUD/USD exchange rate continued its bullish trend as the US dollar sell-off gained steam.

My previous EUR/USD signal on 9th January was not triggered, as the resistance level I had identified at $1.0692 did not hold strongly enough to produce a short trade signal.

The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Friday, as we are now above the $80 level.

The USD/CHF had a strong session on Friday as we continue to bounce from extreme lows.

The NZD/USD has rallied rather significantly during the day on Friday, testing the 0.65 level yet again.

Gold markets have done very little during the trading session on Friday, as we are hanging around the $1930 level.

The GBP/JPY rallied a bit during the trading session on Friday, as we are approaching the 50-Day EMA.

EUR/USD speculators likely ran into what can be described as turbulent short-term trading conditions last week with choppy results making the pursuit of the currency pair a difficult endeavor.