Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market had a somewhat choppy and volatile day, but the candlestick does look rather healthy.

Gold markets pulled back a bit during the trading session on Thursday, as US economic figures came out much stronger than anticipated.

According to one New Zealand business manufacturing gauge, the sector unexpectedly contracted in December.

For five consecutive trading sessions, the price of the EUR/USD pair is trying hard to strengthen the opportunity for an upward correction

The pressure on the Pound did not end, after concerns about the future of Brexit calms, the Pound is facing many demands for a rate cut by the Bank of England

For six trading sessions in a row, gold prices are moving within a narrow range between the $1536 support and $1563 resistance

For three consecutive trading sessions, the USD/JPY price is stable around the 110.00 psychological resistance in a wait-and-see mode until more momentum is obtained

AUDUSD: Bulls testing 0.6925 area

USDJPY: Bullish breakout beyond 110.00 in doubt

Bitcoin: Ranging between $8,893 and $8,546

The Euro broke higher during the trading session on Wednesday, breaking above the 200 day EMA during the course of the session.

The Australian dollar has gone back and forth during the trading session on Wednesday, dipping below the 200 day EMA before turning around to show signs of support.

The US dollar fell a bit during the trading session on Wednesday against the Japanese yen but has recovered a bit to turn around and show signs of life again.

The S&P 500 initially pulled back a bit during the trading session on Wednesday but has rallied again to show that there is a significant amount of buying pressure

The British pound has broken down a bit during the trading session on Wednesday but found support underneath the 50 day EMA yet again to turn around and form a bit of a hammer.