Forex Daily Forecast, Analysis and Prediction

As widely expected, the Bank of Japan left its monetary policy unchanged.

After the release of third-quarter GDP data out of New Zealand, which surprised to the upside on a quarter-over-quarter comparison, the New Zealand Dollar briefly spiked.

GBPUSD: Bullish double bottom near 1.3041?

EURUSD: Weakly bullish from 1.1110

The Euro has rallied of the last couple of weeks as I write this article, but at this point it is still very much in a downtrend. Get the Q1 forecast for EUR/USD here.

The British pound has spent the last couple of weeks rallying as we start to head into the holidays.

The New Zealand dollar has been very bullish over the last month or so, slamming into a longer-term downtrend line.

The Bitcoin market has been absolutely miserable for the last seven months or so.

The Euro has been absolutely pummeled against the British pound during most of the back half of 2019.

The US dollar has been very choppy against the Canadian dollar over the last several months, and most of 2019 has been simple consolidation.

AUDUSD: Consolidating below 0.6861

USDJPY: Weakly bearish below 109.52

According to the performance on the daily chart, the USD/JPY is still in an upward correction phase, and at the same time, lacks the momentum to complete it.

Gold Analysis: Will it Reach the $1500 Resistance Soon?

Bitcoin: Bearish near new 6-month low