Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 2nd, 2022 here.

The NASDAQ 100 has continued to see negative pressure during the month of December, and I don’t think January is going to be much better.

Gold has spent most of the month of December trying to rally, but also has shown a proclivity to have trouble above the $1800 level.

The S&P 500 has had a very rough December, and we suspect that January is just going to be more of the same.

USD/ZAR: Strong Reversals as New Year Gets Set to Test Lows

USD/INR: Higher Values Consolidate as Loftier Air Dominates

Bitcoin: Calm Waters Deliver No Rest for the Very Frustrated

As we head into the new year, the Euro has rallied on Thursday to trade to the top of the short-term range that we have been in.

The USD/CHF dollar has fallen again during the trading session on Thursday, as it looks like we are hell-bent on testing serious support underneath.

The NZD/USD has shown a bit of a “risk on move” during the session on Thursday, but it’s worth noting that we are still very much in a consolidation area.

The GBP/USD has rallied ever so slightly during the day on Thursday, but it looks as if we have nowhere to be.

The AUD/USD rallied a bit during the trading session on Thursday, as we have seen multiple days in a row.

The West Texas Intermediate Crude Oil market has gone back and forth during the session on Thursday, as we continue to see a lot of noisy behavior just below the 50-Day EMA.

The S&P 500 has rallied a bit during the day on Thursday as we trade right back into the consolidation area we have been stuck in for well over a week.

The NASDAQ 100 bounced during the Thursday session, using the 10,700 level as a bit of a support barrier, as we have seen a couple of times in the past.