Forex Daily Forecast, Analysis and Prediction

The USD/MXN has shown the ability to puncture through important psychological support as the 20.00000 level has proven vulnerable.

The AUD/JPY has again seen bullish activity the past few days as the Forex pair knocks on the door of important resistance levels not genuinely traded since September.

The past day of trading for the USD/SGD has not only reconfirmed the bearish trend of the Forex pair, but the momentum has now punctured long-term support ratios.

Bulls are eating into strong resistance below 1.2000.

The S&P 500 rallied a bit during the trading session on Wednesday but gave back the gains to turn around and form a shooting star.

The NASDAQ 100 gapped higher to kick off the trading session on Monday and then continued to go higher yet.

The euro was choppy initially during the trading session on Wednesday, but we eventually broke above the 1.19 level and even closed above there.

The West Texas Intermediate Crude Oil market rallied again during the trading session on Wednesday as traders started to focus on the holiday.

The British pound pulled back initially during the trading session on Wednesday but continues to see a lot of buying pressure as we see hope of a Brexit deal creeping back into the market.

Gold markets initially tried to rally during the trading session on Wednesday but gave back the gains.

Silver markets did very little during the trading session on Wednesday, as one would expect the day before Thanksgiving in the United States.

The US dollar initially tried to rally during the trading session on Wednesday, but found enough resistance at the 50-day EMA to pull back.

The US dollar fluctuated during the trading session on Wednesday against the Japanese yen, but as we head towards the Thanksgiving holiday, traders are starting to drift away from their trading screens.

The Australian dollar initially fell during the trading session on Wednesday but found support underneath the 0.7350 level.

The Dow Jones 30 broke the important psychological level of 30,000 yesterday for the first time and, in early trading today via US future markets, there are indications another wave of positive momentum may be seen.