Forex Daily Forecast, Analysis and Prediction

The WTI Crude Oil market fell significantly on Friday, breaking down below the bottom of a hammer.

The S&P 500 fell a bit during the day on Friday, as we continue to consolidate in a tight range above the 2450 handle.

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Gold prices ended Thursday’s session up $14.62 an ounce, helped by a slumping U.S. dollar.

The S&P 500 went back and forth during the session on Thursday as we continue to grind overall.

The US dollar fell precipitously against the Japanese yen and of course several other currencies around the world, and as we broke down below the 108.50 level, that was a very bearish sign.

The EUR/USD pair rallied a bit during the day on Thursday, breaking above the 1.20 level. The British pound rallied during the day, breaking the top of a shooting star from the Wednesday session.

The WTI Crude Oil market fell during most of the session on Thursday, but found enough support at the $48.50 level to turn around and form a hammer.

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