Forex Daily Forecast, Analysis and Prediction

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.

The euro started out the session on Friday at the 50-day EMA, but then turned around to break down rather significantly and slice through the 1.16 level.

The EUR/USD pair is struggling as the market reflected on the relatively strong American inflation data published on Friday.