Forex Daily Forecast, Analysis and Prediction

$54,400 is likely to be today’s pivotal point.

Key resistance level at 1.3906 looks likely to be today’s pivotal point.

The British pound recovered just a bit during the trading session on Friday, but it was not a very impressive candlestick.

The euro rallied significantly at the end of the trading day in the United States, as we continue to see the US dollar get hammered by US traders.

The FTSE 100 had a positive session on Friday to close out the week, after pulling back a bit over the last couple of days.

The NASDAQ 100 rallied a bit during the trading session on Friday again, but still remains below the 14,000 level.

The S&P 500 rallied a bit during the trading session on Friday to gain roughly 1%.

The US dollar fell slightly against the Canadian dollar on Friday as we continue to hang around the 1.25 handle.

Bitcoin markets have taken a bit of a beating recently, dropping over 20%.

The gold markets have gone back and forth during the trading session on Friday, only to pull back from the 200-day EMA at the end.

The Australian dollar rallied a bit during the trading session on Friday, as we continue to see the 0.7750 level as a bit of a magnet for price.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Friday again, but it looks like we are seeing the $62.50 level as a bit of a magnet for price, which was where we recently had seen massive resistance.

As things currently stand, the bears have taken a back seat in gold markets while bond yields appear to have further down to go before establishing support.

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