Forex Daily Forecast, Analysis and Prediction

The bulls dominated the performance of the USD/JPY to some extent, with gains that pushed the pair to the 109.34 resistance level, where it closed the week’s trading.

By the end of last week's trading, the EUR/USD pair plunged to the support level of 1.2016, and its upward correction gains pushed the pair to the resistance level of 1.2150, a 2-month high.

The USD/CAD has seen another surge of bearish momentum take the Forex pair within sight of important long-term support.

The USD/BRL fell to three-month lows on Thursday and Friday before experiencing a reversal higher.

The USD/ZAR has traded higher this morning, but this has occurred after the Forex pair tested lower targets before going into the weekend.

The USD/INR traded below important support levels late last week showing that bearish sentiment remains potent, but nervous trading conditions remain.

Bitcoin is price building for another attempt at record highs.

The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Friday, showing signs of exhaustion at the $65 level.

The CAC Index fell a bit during the trading session on Friday, after forming a shooting star from the Thursday session.

The DAX initially tried to rally during the trading session on Friday but gave back the gains it initially enjoyed.

The NASDAQ 100 dropped a bit during the trading session on Friday as we continue to see 14,000 offering a significant amount of resistance.

The S&P 500 pulled back a bit during the trading session on Friday to show the 4200 level as being resistive again, as we have seen this level cause headaches for traders.

There is medium-term consolidation between 1.4000 and 1.3675.

The euro broke down significantly during the trading session on Monday to reach towards the previous downtrend line that we have broken.

The British pound broke down significantly during the Friday trading session to reach down towards the 50-day EMA.