Forex Daily Forecast, Analysis and Prediction

The Australian dollar initially tried to rally on Friday, just as we have seen several days in a row.

The gold market initially rallied on Friday but gave back the gains to form the inverted hammer that you see on the chart.

The euro fluctuated on Friday and pierced the 1.17 level.

The British pound initially tried to take out the 200-day EMA on both Thursday and Friday, and therefore sold off quite a bit.

The West Texas Intermediate Crude Oil market rallied again on Friday to close out the week on the right foot.

The size of the candlestick is not overly concerning, so I think this is a nice pullback of a significant breakout.

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The German index has rallied significantly during the trading session on Thursday after gapping higher.

The Parisian index gapped higher to kick off the trading session on Thursday, skipping over a short-term downtrend line that has been relatively reliable.

The West Texas Intermediate Crude Oil market has rallied again during the trading session on Thursday to break above the $73 level.

The S&P 500 has rallied significantly during the course of the trading session on Thursday as we continue to see a lot of bullish pressure.

The NASDAQ 100 has rallied significantly during the course of the trading session on Thursday to reach towards the previous uptrend line.

Gold markets have fallen rather hard during the trading session after initially filling the downward gap on Thursday.