Forex Daily Forecast, Analysis and Prediction

Bullish momentum is fading after the NZD/CHF advanced into its resistance zone.

Thin trading volume due to the holiday-shortened trading week helped the AUD/USD ascend into its resistance zone.

Bitcoin: Pivotal point at $7,221

GBPUSD: Still Bearish on Brexit focus

EURUSD: Move down from 1.1091 most likely

AUDUSD: Weakly bullish but resistance at 0.6940

The British pound rallied significantly during the trading session only to give back the gains and form what could be an inverted hammer.

The Australian dollar has rallied a bit during the trading session on Friday, reaching towards the 200 day EMA.

The S&P 500 rallied a bit during the trading session on Friday, as we continue to see the so-called “Santa Claus rally” in the marketplace.

The Euro has broken down a bit during the trading session on Friday, showing signs of exhaustion and has broken through the 50 day EMA a bit.

The NASDAQ 100 has rallied a bit during the trading session on Friday, making a fresh, new high yet again.

The US dollar has initially fallen during the trading session on Friday but then turned around to show signs of life again.

Natural gas markets bounced a bit during the trading session on Friday, breaking above the highs from the Thursday session after that very bullish inventory figure.

The West Texas Intermediate Crude Oil market fell during the trading session on Friday, showing signs of exhaustion and probably more likely, profit-taking.

Bitcoin did very little during the trading session on Friday, as the market is probably focusing more on the holidays than anything else.