Forex Daily Forecast, Analysis and Prediction

Get the USD/CHF Forex signal for November 17, 2016 here.

Get the GBP/USD Forex signal for November 17, 2016 here.

Get the EUR/USD Forex signal for November 17, 2016 here.

The EUR/USD pair when back and forth on Wednesday, as we continue to see quite a bit of negative pressure going forward. The British pound did almost nothing during the day on Wednesday, as we continue to drift just below the 1.25 handle.

The WTI Crude Oil market initially rallied at the open on Wednesday, but turned around as the $46 level continued to offer resistance. The natural gas market initially fell during the day on Wednesday, but turned around to show signs of strength.

The S&P 500 had a slightly negative session on Wednesday, as we are a bit overextended at this point. The NASDAQ 100 initially fell during the course of the session on Wednesday, but turned back around to form a hammer which of course is a very bullish sign.

The US dollar initially tried to rally against the Japanese yen, but turned around to form a shooting star. The Australian dollar fell significantly during the day on Wednesday, slicing through the 0.75 level.

Gold prices settled slightly lower on Wednesday after swinging between gains and losses as investors moved to the sidelines ahead of an appearance by Federal Reserve chair Janet Yellen in front of a congressional committee.

Get the NZD/USD Forex signal for November 16, 2016 here.

Get the AUD/USD Forex signal for November 16, 2016 here.

Get the USD/JPY Forex signal for November 16, 2016 here.

Get the USD/CAD Forex signal for November 16, 2016 here.

Get the USD/CHF Forex signal for November 16, 2016 here.

Get the GBP/USD Forex signal for November 16, 2016 here.

Get the EUR/USD Forex signal for November 16, 2016 here.