Forex Daily Forecast, Analysis and Prediction

The S&P 500 had a slightly negative session on Monday as traders went back to work, but I still believe that there are quite a few reasons the think that this market goes higher. The NASDAQ 100 fell during the day on Monday, testing the bottom of the hammer from the Friday session.

Get the NZD/USD Forex signal for November 14, 2016 here.

Get the AUD/USD Forex signal for November 14, 2016 here.

Get the USD/JPY Forex signal for November 14, 2016 here.

The S&P 500 initially fell on Friday but turned around to form a fairly productive looking hammer. The NASDAQ 100 initially fell but then turned right back around to form a hammer on Friday.

The WTI Crude Oil markets fell on Friday, slamming into the $43 level. Natural gas markets have been volatile again during the Friday session, but have done something that was interesting in the sense that they have formed a hammer.

The EUR/USD pair showed quite a bit of volatility on Friday as we were approaching the 1.08 support level. The British pound rose initially on Friday but turned around to form a bit of a shooting star.

Gold ended the week down $67.29 at $1225.59, as a stronger U.S. dollar and increased appetite for riskier investments dampened demand for the metal.

The US dollar initially fell against the Japanese yen on Friday but turned around to form a hammer. The Australian dollar fell during the day on Friday, in reaction to several different factors, but quite frankly the gold markets are starting to look very soft.

Get the Forex forecast featuring some of the major currency pairs for the week of November 14, 2016 here.

The EUR/USD pair went back and forth during the session on Thursday, as the 1.0850 level below offered quite a bit of support, but there is most certainly quite a bit of resistance above. The British pound actually rallied during the session on Thursday.

The WTI Crude Oil markets fell slightly during the course of the day on Thursday, as we continue to consolidate in the current region. The natural gas markets went back and forth as well during the day, but they did form a little bit more of a negative candle than the WTI market.

The S&P 500 went back and forth during the day on Thursday, forming a slightly positive candle. The NASDAQ 100 went back and forth during the course of the session on Thursday just as we did in the S&P 500, however we did find quite a bit of negativity towards the NASDAQ 100.

The US dollar initially fell during the day on Thursday, testing the 105 level below. The Australian dollar had a very volatile session, covering quite a bit of space.

Gold settled down $18.56 at $1258.77 on Thursday as demand for the greenback and technical selling continued to weigh on the market.