Forex Daily Forecast, Analysis and Prediction

After reversing from its highs achieved last week, the USD/CAD has found what appears to be durable short-term support and moved upwards this morning.

The past few days of trading have seen ETH/USD falter as speculative resistance has proven durable and an erosion of value threatens again.

The Dow Jones Industrial Average continues the corrective rise during its recent trading at the intraday levels, very slightly.

Last week’s trading on natural gas prices ended lower on Friday, as the spot natural gas prices decreased in their recent trading at the intraday levels.

The USD/JPY launched towards the resistance level 136.56, near its highest in 24 years, and settled around the level of 136.00 at the beginning of this week's trading.

During last week’s trading, the gold price experienced strong selling that pushed it towards the support level of $1732 an ounce, its lowest in nine months, and tried to recover slightly to $1752 on Friday.

The bears to push the price of the GBP/USD pair to collapse towards the 1.1875 level.

The euro narrowly avoided a move towards the psychologically important level of parity against the dollar in the last session of trading last week.

For two consecutive weeks, the EUR/JPY currency pair was subjected to selling due to concern about the future recession of the Eurozone economy.

The price is looking likely to consolidate over the near term.

The British pound initially slid against the US dollar Friday but has recovered quite nicely as you can see on the chart.

The US dollar rallied again during the Friday session as it looks like the 16.88 level is now in the rearview mirror.

The Brazilian real strengthened a bit against the US dollar as the dollar fell to the 5.27 level during the Friday session.

The S&P 500 recovered even further on Friday, as the jobs number came and went.

The euro initially plunged on Friday but then turned around to show signs of life again as we ended up forming a hammer.