Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate crude oil market continues to be very choppy, as the entire week has been stuck between the $55 level underneath, and the $57.50 level above.

The S&P 500 rallied significantly during the trading session on Friday, reaching above the 3025 handle.

Natural gas markets continue to show signs of weakness, as we have broken below the $2.20 level significantly on Friday.

The US dollar has rallied for a couple of consecutive sessions against the South African Rand, as we have sliced through both the 50 and the 200 day EMA indicators.

Gold markets initially tried to rally during the trading session on Friday but ran into a lot of trouble at the $1425 level.

USDCAD: Bullish above 1.3200

USDCHF Analysis: Resistance at 0.9950

GBPUSD: Very bearish

EURUSD: Bears approaching 2-year low price

End the month of July 2019 prepared with our weekly Forex forecast for major currency pairs here.

The US dollar has initially fallen during the trading session on Thursday, reaching down towards the 19 pesos level.

The US dollar has broken to the upside during the trading session on Thursday, clearing the 50 day EMA which of course is a very bullish sign.

The S&P 500 initially tried to rally during the trading session on Thursday but could not hang onto gains.

The natural gas markets initially tried to rally during the trading session on Thursday but rolled over during the day to show even further weakness.

The Australian dollar has fallen again during the trading session on Thursday, as we continue to see a lot of volatility when it comes to the antipode currencies.