Forex Daily Forecast, Analysis and Prediction

Bitcoin markets dropped a bit to kick off the trading session on Thursday, but then turned around to recover all of those losses.

Gold markets have initially fallen on Thursday but found enough support near the 200 day EMA to turn around and go positive for the session.

Since hitting a high on the on the 21st of December near 5.7500, the USD/BRL has reversed lower, but light holiday trading awaits speculators in the coming days.

The USD/MXN has continued to incrementally decrease and is now bouncing against important mid-term support ratios as the holidays loom.

The US dollar's gains stopped, which helped gold prices move upwards, stabilizing around the level of $1808 as of this writing.

Due to the risk appetite currently in the markets, the Japanese yen lost many of its gains against the rest of the other major currencies.

For the third day in a row, the GBP/USD is moving amid a stable bullish momentum around the 1.3360 level, waiting for catalysts to break out of the bearish channel.

Despite the announcement of better-than-expected GDP growth for the US, the US dollar declined amid profit-taking before the holidays.

The Parisian CAC Index rallied quite nicely on Wednesday to reach towards the €7050 level, which is an area that has been important multiple times.

The Bitcoin market initially tried to rally on Wednesday but gave back the gains a bit.

Ethereum was down about 1% on Wednesday, but as you can see, we continue to hang around the $4000 level.

The S&P 500 rallied a bit on Wednesday to show signs of strength yet again.

The NASDAQ 100 rallied a bit on Wednesday as we broke above the significant candle from Tuesday.

The gold markets rallied a bit on Wednesday, as we continue to hang around the $1800 level.

Silver markets rallied on Wednesday to reach towards the $22.75 level.