Forex Daily Forecast, Analysis and Prediction

The US dollar initially tried to rally to kick off the week, but then rolled over to break down significantly.

The WTI Crude Oil market initially tried to rally during trading on Monday, but then broke down rather hard.

Gold prices rose $9.66 an ounce on Monday, lifted by a slump in the dollar ahead of this week’s Federal Reserve meeting.

Gold prices ended Friday’s session down $3.84 an ounce as the dollar strengthened following upbeat data on U.S. retail sales and industrial output.

The Euro fell during trading on Friday, as Mario Draghi was a bit more dovish than anticipated.

The US dollar initially rallied against the Mexican peso, reaching the 20.50 pesos level, an area that I pointed out previously.

The WTI Crude Oil market fell a bit during the trading session on Friday, as we continue to bounce around in a symmetric shaped triangle.

The US dollar has fallen during trading on Friday at the downtrend line that I have marked on the chart.

The S&P 500 broke down significantly during the trading session on Friday, falling down to the 2600 level.

Get our Forex forecast for the week of December 17, 2018 that lets you know what pairs to pay close attention to here.

One of the most difficult tasks that I have is a technical analyst is to predict the yearly movement of a Forex pair. However, there are some general macro events or issues that can come into play, giving me some things to think about going into the New Year.

Out of all of the yearly forecasts that I am doing for Daily Forex, this is probably the most difficult to get my head around.

The US dollar is potentially forming an inverted head and shoulders as I write this article. Get the 2019 forecast here.

The New Zealand dollar has the misfortune of being tied to Asia. What's in store for this market in 2019? Find out here.

The US dollar has been rising against the Japanese yen for the entirety of 2018, in a clearly defined upward channel.