Forex Daily Forecast, Analysis and Prediction

If money found a place to die, it would certainly be an area called “Bitcoin.”

The GBP/USD price came under pressure in the overnight session as the Bank of England (BoE) scrambled to soothe the market.

The EUR/USD price has been in a strong downward trend as the US dollar strength continued.

The AUD/USD price has fallen in the past six straight days and is trading at the lowest level since April of 2020.

My previous Bitcoin signal on 29th September was not triggered as the price did not reach any of the key support or resistance levels which I had identified that day.

The Australian dollar has fallen during the trading session on Friday, as we are now below the 0.64 level.

The Euro was very quiet against the Swiss franc during the Friday trading session as we continue to hang around the 0.96 level.

The British pound initially tried to rally against the Japanese yen during the day on Friday as we started to see a lot of “risk of behavior” around the world.

The US dollar has pulled back ever so slightly against the Canadian dollar during the Friday session, a day that was generally US dollar positive.

The USD/BRL went into the weekend near the 5.1996 ratio, this after actually trading near a low of 5.1085 on Tuesday of last week.

The New Zealand dollar dropped a bit during the trading session on Friday as we continue to see US dollar strength overall.

The West Texas Intermediate Crude Oil market rallied significantly during the day on Friday, breaking above the $92 level and touching the 200-Day EMA.

Gold markets have drafted a bit lower during the trading session on Friday as the 50-Day EMA has offered a little bit of resistance.

Bitcoin has fallen during the Friday session as the US dollar has strengthened a bit and of course, the 50-Day EMA has offered a little bit of resistance.

The US dollar has rallied during the Friday session against the Japanese yen after the jobs number.