Forex Daily Forecast, Analysis and Prediction

The ETH/USD markets have fallen significantly during the trading session on Friday to lose almost 7% and test the 50-Day EMA.

The NASDAQ 100 has fallen hard during the trading session on Friday and has broken down below the 200-Day EMA.

The BTC/USD market has fallen significantly during the trading session on Friday, losing over 7% as the market is now approaching the $21,000 level.

The S&P 500 dropped significantly during the day on Friday, losing over 1% as we head into the weekend.

Spot gold markets have fallen roughly ½% for the trading session on Friday, as we are threatening the $1750 level.

The Euro has fallen during the trading session on Friday, as it looks like we are hell-bent on testing the parity level again.

The AUD/USD pair has dropped during the Friday session to test the 0.69 level.

The GBP/USD pair has fallen significantly during the trading session on Friday as we ended the week.

The US dollar has rallied again during the day on Friday as we continue to see the USD/JPY pair rally rather significantly.

We have seen strength in the AUD today and the price was able to break up above the former resistance level at 0.6882 which may now act as support.

The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Friday, as we continue to see a lot of confusion in financial markets overall.

The BTC/USD price pulled back slightly after last week’s strong sell-off.

The GBP/USD price crashed to the lowest level since July as the US dollar rose across the board.

The EUR/USD price continued falling as concerns of a more hawkish Federal Reserve pushed the US dollar to a multi-week high.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching. The first part of my forecast is based upon my research of the past 20 years of Forex prices, which show that the following methodologies have all produced profitable results: