Forex Daily Forecast, Analysis and Prediction

January will feature Brexit and usher in the transition period, which is officially ending on December 31st 2020.

Bearish momentum is accumulating after this currency pair pushed into its resistance zone on the back of the low volume.

With two days remaining in 2019 and many traders on vacation until next week Monday.

GBPUSD: More bullish above 1.3136

EURUSD: Strongly Bullish Breakout

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 30, 2019.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 30, 2019 here.

Enjoy the few trading days this week with our forecast for major currency pairs here.

US Dollar weakness is accelerating, and the trend is anticipated to gain more momentum in 2020.

The Euro has rallied a bit during the trading session on Thursday as we came back from the Christmas break.

The Australian dollar has rallied a bit during the trading session on Thursday, breaking above the recent high and confirming that we are in fact ready to find buyers given enough time.

The S&P 500 rallied a bit during the trading session on Thursday as traders came back from the Christmas break.

The US dollar has rallied significantly during the trading session on Thursday as some traders will have come back from the Christmas holiday to start placing orders again.

The NASDAQ 100 rallied significantly during the trading session on Thursday considering that there was almost nothing out there as far as volume or news.

The British pound rallied significantly during the trading session on Thursday, breaking above the 1.30 level during the US session.