Forex Daily Forecast, Analysis and Prediction

Gold markets continue to consolidate near the $1150 level, coinciding with the 20-day exponential moving average.

Get the NZD/USD Forex signal for January 3, 2017 here.

Get the AUD/USD Forex signal for January 3, 2017 here.

Get the USD/JPY Forex signal for January 3, 2017 here.

Get the USD/CAD Forex signal for January 3, 2017 here.

Get the USD/CHF Forex signal for January 3, 2017 here.

Get the GBP/USD Forex signal for January 3, 2017 here.

Get the EUR/USD Forex signal for January 3, 2017 here.

The EUR/USD pair fell on Monday, dropping below the 1.05 level again. The British pound fell on Monday, showing signs of weakness and it appears that the market is going to continue the downtrend that we have seen recently.

Oil markets currently find themselves reaching towards the $54 level, but that’s an area of that is going to offer a little bit of resistance. The natural gas markets sat still course on Monday but currently find themselves testing the $3.75 level.

The US dollar continues to see bullish pressure against the Japanese yen, and rose on Monday yet again. The Australian dollar fell on Monday, reaching towards the 0.7150 handle.

The S&P 500 was closed on Monday, as banks continue to celebrate New Year’s Day. The NASDAQ 100 and a very negative Friday, but of course was closed on Monday.

Gold markets continue to see negative pressure, as the session on Monday went long. We tested the $1150 level, that I have marked on the chart.

The EUR/USD pair has had a rough couple of weeks, but we are starting to find support underneath the 1.05 level.

The USD/JPY pair has seen a massive explosion to the upside over the last several weeks.