Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 has broken above the crucial 8800 level during the trading session on Thursday, thereby showing that we are ready to go much higher.

The Australian dollar has initially tried to rally during the trading session on Thursday but found the market a bit overextended.

The West Texas Intermediate Crude market has pulled back a bit during the trading session on Thursday, as we continue to grind back and forth in this general vicinity.

Gold markets rallied a bit during the trading session on Thursday as more traders are coming back to work.

Bitcoin has broken down a bit during the trading session on Thursday as traders came back to work, continuing the overall negativity that we have seen for quite some time.

Natural gas markets broke down a bit during the trading session on Thursday as traders came back to work, making the back of a hammer from the previous trading session.

Since December 2019, the US Dollar has been under increasing selling pressure.

Geopolitical tensions are on the verge of escalating in the Middle East after the US killed a top Iranian general in Iraq.

After entering a sideways trend inside its support zone, the EUR/AUD managed a breakout.

It has been less than 72 hours into the new year, and geopolitical tensions have already spiked.

Economic reports out of the US have been disappointing, and the US Dollar is under growing selling pressure across the board.

While the long-term outlook for the EUR/CHF remains bearish, a short-term recovery is favored to take this currency pair out of extreme oversold conditions.

While Japanese economic data has been soft, aiding the rally in the CAD/JPY, the Japanese Yen is anticipated to benefit from the return of a risk-off period

Bullish momentum is on the rise after price action in the AUD/NZD was able to ascend above its support zone.

The West Texas Intermediate Crude Oil market initially pulled back during the trading session but did bounce a bit on Tuesday.