Forex Daily Forecast, Analysis and Prediction

The past week of trading in the USD/CAD has begun to signal that the rather dynamic bullish move produced since early June may be running out of momentum.

The USD/CHF has begun to produce downwards momentum the past week of trading and speculators may be inclined to pursue this trend.

The USD/ZAR has continued to incrementally see its support ratios penetrated the past few days of trading and they still appear vulnerable.

The USD/INR remains within the higher part of its mid-term range, but before going into the weekend, the Forex pair saw bullish behavior erode.

I think that we are close to making some type of bigger decision.

The British pound fell a bit during the trading session on Friday, as we began to see weakness heading into the weekend.

The DAX Index gapped a little bit to open up the session on Friday, but then pulled back to reach towards the 15,500 level.

The NASDAQ 100 was somewhat quiet during the trading session on Friday, but it continues to look very bullish as we are challenging the 14,500 level.

The S&P 500 gapped a little bit higher to kick off the trading session on Friday and then continued to go just a bit higher.

Bitcoin bounced at $30k over the weekend.

Cardano fell a bit during the trading session on Friday as we initially tried to break above the $1.40 level before turning around and showing signs of exhaustion.

The West Texas Intermediate Crude Oil market pulled back just a bit during the trading session on Friday to kick off the session, only to turn around and show signs of strength.

Gold markets initially shot higher during the trading session on Friday but then turned around to show signs of weakness yet again.

The Australian dollar initially rallied during the trading session on Friday to reach above the 0.76 handle only to pull back a bit in hesitation.

Bitcoin fell during the trading session on Friday as the 35,000 level has offered enough resistance to turn the markets back around.