Forex Daily Forecast, Analysis and Prediction

Gold bulls succeeded in grabbing the $1810 resistance as demand for safe-haven assets rose after the dollar fell following data which showed a significant slowdown in US GDP growth in the third quarter.

For three weeks in a row, the USD/JPY has remained stable around the 114.00 resistance, near a 3-year high, amid strong expectations of a tightening of the US Federal Reserve's policy.

After several attempts to stand firm, the US dollar succeeded in advancing again, and and the GBP/USD moved to the 1.3668 support level on Friday, which saw a strong rise of the US dollar against the other major currencies.

Friday’s trading session strongly supported the EUR/USD's bearish outlook as the price fell to the 1.1535 support level, a 2-week low.

The USD/ZAR remains near the top of its long-term range as resistance levels continue to be tested, and the lack of a strong reversal lower offers clues.

Despite the bearish channel, key support levels are holding up.

The West Texas Intermediate Crude Oil market initially fell on Friday but turned around to show signs of strength again.

The US dollar rallied just a bit on Friday, but as you can see, the Canadian dollar still has a bit of strength attached to it.

The FTSE 100 has fallen significantly on Friday, only to turn around and show signs of life again.

The NASDAQ 100 initially pulled back a bit on Friday, but as you can see, we rallied to reach towards the 15,844 handle.

The S&P 500 rallied on Friday to close just below the 4600 level.

The gold markets broke down significantly on Friday, crashing rather hard early in the day.

The Australian dollar fell a bit on Friday, reaching down towards the crucial 0.75 level.

The Bitcoin market pulled back just a bit on Friday but found the $60,000 level to be supportive enough to keep the momentum to the upside.

The British pound fell rather hard on Friday to break through the 1.37 handle.