Forex Daily Forecast, Analysis and Prediction

With the Fibonacci Retracement Fan closing the gap to the support zone, and the AUD/NZD caught in between, pressures for either a breakout or breakdown are on the rise.

The West Texas Intermediate Crude Oil market has rallied significantly during Christmas Eve, showing signs of extraordinarily bullish pressure again.

USDJPY: More bullish above 109.52 but resistance up to 110.00

Bitcoin: Bearish consolidation below $7,260

The S&P 500 has done very little on Christmas Eve, but quite frankly that should not be a huge surprise.

GBPUSD: Still Bearish below 1.2972

EURUSD: Weakly bearish below 1.1096

Natural gas markets initially tried to recover from the gap lower on Tuesday, and even broke above the top of the gap but fell apart and sliced through the $2.20 level.

The NASDAQ 100 has done almost nothing during the Christmas Eve session as expected, because quite frankly most people won’t be bothered trading the E-mini contract.

Gold markets have exploded to the upside during the trading session on Tuesday as traders continue to take advantage of the massive breakout.

The US dollar did very little on Tuesday, which in and of itself wasn’t a major story considering that it was Christmas Eve, but looking at the longer-term chart you can see that we continue to see a lot of issues.

The New Zealand dollar initially fell during Tuesday, but then turned around to form a bit of a hammer.

The Euro went back and forth during the trading session on Tuesday, as the Christmas Eve trading of course will have had very little in the way of volume.

The British pound has bounced just a bit during the trading session on Christmas Eve, as we are testing the middle of a bullish flag.

The Australian dollar has done very little during the trading session on Tuesday, but that in and of itself might be an important signal as well.