Forex Daily Forecast, Analysis and Prediction

The USD/MXN has delivered a solid reversal lower which has created lower values that are again challenging early December prices.

The USD/ZAR has fallen in price the past week of trading, and this has created a lower price range for speculators to consider, one that could be dangerous in the near term.

The GBP/USD is hovering near its lowest level since December 1 as the US dollar strength continued.

The EUR/USD price moved sideways on Tuesday morning as thin trading persisted in the market.

The BTC/USD price remained in a consolidation phase during the Christmas weekend as demand for cryptocurrencies waned and outflows continued.

My previous signal on 20th December were not triggered as there was no bearish price action when the price first reached the resistance level which I had identified at $0.6675.

The USD/JPY continues to grind around the ¥132.50 level, an area that has been important multiple times in the past.

The USD/CAD continues to hang around the 50-Day EMA against the Canadian dollar, focusing on the $1.35 level.

The GBP/USD continues to hang around the 1.20 Handel, an area that has been important multiple times in the past.

The EUR/USD has done almost nothing over the last week, and that will probably continue to be the case going forward.

The AUD/USD has bounced from the 50-Day EMA again, showing resiliency.

The West Texas Intermediate Crude Oil market rallied on Friday to show signs of life again, reaching the 50-Day EMA.

The S&P 500 has been slightly positive during the Friday session, but Monday will have had the underlying index close.

The NASDAQ 100 finished out last week hanging about the 11,000 level, which is an area that has a certain amount of psychology attached to it, as well as an area that previously has been important.

Gold markets have rallied to close out the week on Friday as we continue to trade in a channel.