Forex Daily Forecast, Analysis and Prediction

The S&P 500 broke down significantly during the trading session on Friday, falling down to the 2600 level.

Get our Forex forecast for the week of December 17, 2018 that lets you know what pairs to pay close attention to here.

One of the most difficult tasks that I have is a technical analyst is to predict the yearly movement of a Forex pair. However, there are some general macro events or issues that can come into play, giving me some things to think about going into the New Year.

Out of all of the yearly forecasts that I am doing for Daily Forex, this is probably the most difficult to get my head around.

The US dollar is potentially forming an inverted head and shoulders as I write this article. Get the 2019 forecast here.

The New Zealand dollar has the misfortune of being tied to Asia. What's in store for this market in 2019? Find out here.

The US dollar has been rising against the Japanese yen for the entirety of 2018, in a clearly defined upward channel.

The Euro went back and forth during trading on Thursday, as the ECB held firm, but had a less than compelling statement afterwards.

The US dollar exploded to the upside during the trading session against the Mexican peso, validating the uptrend line underneath, and perhaps even more importantly, the 20 pesos level.

The US dollar rallied a bit during the trading session on Thursday, reaching towards the ¥113.75 level.

The S&P 500 initially tried to rally during the trading session on Thursday, but as we have seen more than once, we have given up the gains to roll over later in the day.

The WTI Crude Oil market initially dipped during the trading session on Thursday but then turned around to show signs of life again.

Gold prices ended Thursday’s session down $3.75 an ounce as traders started to focus on the Federal Reserve’s December 18-19 monetary policy meeting.

Get the NZD/USD Forex signal for December 13, 2018 here.

Get the AUD/USD Forex signal for December 13, 2018 here.