Forex Daily Forecast, Analysis and Prediction

The US dollar rallied a bit during the trading session on Friday amid concerns regarding demand for crude oil and a stretched US dollar.

The British pound broke down a bit during the trading session on Friday to reach down towards the 1.3650 level.

The euro initially tried to rally during the trading session on Friday but found enough resistance near the 1.22 level to turn around and form a shooting star.

The gold markets fell during the trading session on Friday, reaching down towards the $1836 level.

The Australian dollar pulled back a bit during the course of the trading session on Friday as it looks like the 0.78 level can be thought of as significant resistance.

The Bitcoin market broke down below the $30,000 level on Friday but turned around quite nicely to show signs of support.

The NASDAQ 100 continues to show leadership when it comes to US indices, as the market initially sold off and then closed at the highs again.

The S&P 500 fell a bit during the session on Friday to reach towards the 3800 level.

The euro is relatively weak compared to other major currencies.

The GBP/USD is up slightly as concerns about the UK economy remain ahead of the country’s employment numbers.

The pair seems to be forming an ascending triangle pattern whose resistance is at ~0.7800.

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The US dollar has found a little bit of support near the 1.26 level against the Canadian dollar during the trading session on Thursday,