Forex Daily Forecast, Analysis and Prediction

The USD/BRL continues to challenge speculators, but recent trading has now brought the Forex pair within proximity of important resistance.

The USD/INR opened this morning with a swift movement downward testing the lower realm of its nearby support within the 72.800 level.

Redditors have been turning attention to cryptocurrencies, causing spikes.

The euro continues to fluctuate overall, as we are simply riding along the 50-day EMA.

The British pound fluctuated during the trading session on Friday again as we continue to see the markets show extreme volatility.

The DAX Index fell during the trading session on Friday to reach down below the 50-day EMA again, and also to test the uptrend line that is currently sitting just below.

The S&P 500 fell a bit during the trading session to reach down towards the 50-day EMA.

The NASDAQ 100 fell rather hard during the trading session on Friday to test a major trendline.

The British pound is a relatively strong currency.

Bitcoin has been all over the place during the trading session on Friday as the markets have gotten far ahead of themselves.

The West Texas Intermediate crude oil market did rally initially during the trading session on Friday but gave back the gains yet again as we continue to see the market struggle to go higher.

The US dollar fluctuated against the Canadian dollar during the trading session on Friday, as we continue to dance around the 50-day EMA.

Gold rallied significantly during the trading session on Friday to break above the 50-day EMA, but gave back those gains to show signs of weakness.

The Australian dollar has been all over the place during the trading session on Friday, in what could be best described as choppy trading.

The EUR/USD is wavering today ahead of key economic numbers from the European Union and the United States.