Forex Daily Forecast, Analysis and Prediction

Get the USD/CHF Forex signal for December 28, 2016 here.

Check out the daily Forex signal for the GBP/USD pair for December 28, 2016 here.

Get the EUR/USD Forex signal for December 28, 2016 here.

Towards the end of 2016, the GBP/JPY pair accelerated to the upside, bouncing off of the 125 handle. Find out what may be in store for this pair during the new year of 2017 here.

This pair is to be an interesting to watch during the coming year. The reason I say this is that we of course have a lot of bearish pressure on the British pound overall due to the “Brexit”, but quite frankly I think by the end of the gear it will become obvious to just about everyone that the United Kingdom made the smart choice by leaving.

This has been one of the most explosive markets in the Forex world over the last couple of months. November was an absolute monster of a month, as we essentially gained 14 handles. That’s an incredible move, and it shows that there is real bullish pressure in this marketplace.

At the moment, the WTI Crude Oil and Brent Crude Oil markets are the ones that I get the most questions about. This is because of the recent breakout and of course the production cut agreement between the OPEC and non-OPEC countries. Get the 2017 forecast here.

The Euro has been range bound for the last couple of years. While it has been a very rocky and tumultuous road, the reality is that we have been trading between 1.05 and 1.15 for almost 2 years now. Find out what's in store for this unpredictable pair for the new year ahead.

The WTI Crude Oil market rallied during the day on Tuesday, as volume picked up a little bit after the holiday. The natural gas markets gap tire at the open on Tuesday, then turned around to fill the gap, and then closed near the $3.75 level

The S&P 500 rallied during the session on Tuesday, as traders came back from the Christmas vacation. The NASDAQ 100 broke out during the session on Tuesday, reaching towards the psychologically important level of 5000.

The EUR/USD pair initially fell on Tuesday, but bounced enough to form a slightly positive candle while this is a positive outcome for the day, do not see any reason to start going long at this point. It was a reasonably quiet session on Tuesday, as volume might have been an issue as we are between Christmas and the New Year’s Day holiday.

The USD/JPY pair rallied slightly on Tuesday, and what would have been a low-volume environment. The Australian dollar went back and forth on Tuesday, showing very little in the way of volatility.

Get the NZD/USD Forex Signal for December 27, 2016 here.

Get the AUD/USD Forex Signal for December 27, 2016 here.

Get the USD/JPY Forex Signal for December 27, 2016 here.