Forex Daily Forecast, Analysis and Prediction

Bitcoin rallied a bit during the trading session on Friday, but as you can see we have rolled over a bit, as the market has broken down significantly through the important $6000 handle, an area that has offered support for ages.

Gold prices ended the week up $11.77 at $1221.28 an ounce on safe-haven demand as U.S. stock indexes backed down from the previous week’s highs.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of November 18, 2018.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 18, 2018 here.

Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of November 18, 2018 here.

The Euro initially fell during the trading session on Thursday but turned around to break above the 1.13 level again.

The bitcoin market broke down initially during trading on Thursday but did bounce enough to turn around and form a hammer.

The WTI Crude Oil market went back and forth during the trading session on Thursday but did see some gains just as we did on Wednesday.

The US dollar fell initially during trading on Thursday but bounced significantly from the ¥113 level to form a bit of a hammer.

The S&P 500 fell initially during trading on Thursday but found enough support underneath the 2700 level to bounce significantly and form a positive candle.

Gold prices rose $2.42 an ounce on Thursday, extending gains to a third straight session.

Get the NZD/USD Forex signal for November 15, 2018 here.

Get the AUD/USD Forex signal for November 15, 2018 here.

Get the USD/JPY Forex signal for November 15, 2018 here.

Get the BTC/USD Forex signal for November 15, 2018 here.