Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 27th, 2022 here.

The USD/CHF bounced a bit during the trading session on Thursday to show signs of life at the major support barrier.

The NZD/USD has seen more momentum to the upside during the trading session on Thursday, clearing the 200-Day EMA.

The USD/CAD drifted a little bit lower during trading on Thursday and what would have been very quiet trading.

The EUR/USD rallied initially during the trading session on Thursday but gave back quite a bit of the gain if it looks like we are struggling to get above the 1.04 level for anything sustainable.

The GBP/USD has continued to show signs of strength on Thursday, as we continue to see the US dollar lose strength.

The WTI Crude Oil market has done very little during thin Thanksgiving trading on Thursday.

The S&P 500 E-mini contract advanced above the 4000 level to reach the 200-Day EMA, and now looks as if it is trying to build up enough momentum to break out.

The NASDAQ 100 has rallied a bit in the futures market on Thursday, in what would have been very thin and limited trading.

Gold markets rallied a bit during the trading session on Thursday, but you need to keep in mind that it was Thanksgiving.

The BTC/USD has initially tried to rally on Thursday but gave back what little gain it had in lackluster trading.

The Turkish lira stabilized against the US dollar during the early trading this morning, as the price of the Turkish currency did not witness any changes against the US dollar.

For two days in a row, the price of the EUR/USD currency pair is trying to rebound to the upside.

The US dollar's gains stopped, allowing the price of gold to rebound to the upside, reaching the level of $1754 an ounce.

The GBP/USD exchange rate jumped again above the 1.20 psychological resistance level for the first time since August in the brief mid-week trading.