Forex Daily Forecast, Analysis and Prediction

The USD/INR has traded higher the past week and broken through resistance levels with relative ease.

The South African Rand continued its strong bearish pace before going into the weekend.

The USD/MXN demonstrated more downside price action as the forex pair hit important support before going into the weekend.

GBP/USD: Pivotal support at 1.2975 / 1.3000

EUR/USD: Euro relatively strong against resurgent U.S. dollar

The S&P 500 initially pulled back during the trading session on Friday but looks as if it is trying to show signs of life again and rally.

The NASDAQ 100 has fallen a bit during the trading session on Friday, as we reached towards the 11,500 level yet again.

The US dollar has gone back and forth during the trading session on Friday as we closed out the week.

The Australian dollar went back and forth during the trading session on Friday but found resistance at the 50 day EMA to keep this market somewhat soft.

The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Friday, but then broke down a bit to slice through the 50 day EMA.

The Euro initially fell during the trading session on Friday, reaching down below the 1.18 level initially, but then turned around to rally towards the 1.1850 level.

The British pound initially tried to rally during the trading session on Friday but gave back the gains above the 1.31 handle.

Silver markets have gone back and forth during the trading session on Friday, as we initially tried to rally but gave back the gains early.

The Bitcoin markets initially rallied during the trading session on Friday but found the going a bit tough during the trading session as we had been overbought for some time.

Gold markets have gone back and forth during the trading session on Friday as we are looking for some type of direction