Forex Daily Forecast, Analysis and Prediction

GBPUSD: Bullish above 1.2897

EURUSD: Weakly bullish above 1.1056

The West Texas Intermediate Crude Oil market initially dipped on Friday but found enough buyers underneath yet again to turn around and rally.

The S&P 500 has rallied significantly during the trading session on Friday, breaking cleanly above the 3100 level.

Natural gas markets have been all over the place during the trading session on Friday, initially gapping lower by just a bit and then drifting down to test the $2.60 level.

The NASDAQ 100 has rallied a bit during the trading session on Friday again, as we are broken above the 8300 level.

Gold markets have pulled back just a bit during the trading session on Friday, as we continue to bounce back and forth.

The US dollar fell again during the day on Friday, as we continue to grind lower against the South African Rand.

The NASDAQ 100 has gone back and forth during the trading session on Monday to kick off the week, but at this point it looks very difficult to continue going higher as we are at the top of the longer term uptrend channel.

The Euro rallied during the trading session on Friday, reaching above the 50 day EMA in a sign of strength.

The US dollar has rallied during the trading session on Friday due to comments coming out of the mouth of Larry Kudlow suggesting that the Americans and the Chinese were getting closer to a deal again.

The British pound has been rallying during the trading session on Friday, continue in the same pattern that we have seen for some time.

The Australian dollar has rallied a bit during the trading session on Friday, wiping out quite a bit of the losses from the Thursday session.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of November 18, 2019.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 18, 2019 here.