Forex Daily Forecast, Analysis and Prediction

The USD/BRL continues to test important resistance and prove its bullish trend since the last week of July is not a mistake.

AUD/USD: Strong support at 0.7139

The USD/MXN has continued to trade within its bearish trend as it moves slightly above one-month low watermarks near the 21.85000.

Perspective is a key element when trading.

USD/JPY: Short-term consolidation above 105.50

BTC/USD: Support at $11,400 looks strong

India has taken a global leadership position in new daily Covid-19 infections, in some cases higher than that of the US and Brazil combined.

South Africa continues to experience a gradual decrease in new daily Covid-19 infections, but the condition is far from positive.

The Australian dollar has initially tried to rally during the trading session on Friday, but the US dollar got a bit of a boost against most currencies, including the Aussie.

GBP/USD: 1.3072 level looks extremely pivotal

The S&P 500 initially pulled back during the trading session on Friday, as the US dollar rallied rather significantly.

EUR/USD: Resistance area at 1.1823 looks pivotal

The US dollar has gone back and forth during the trading session on Friday as we continue to see a lot of noise just below the ¥106 level.

The Bitcoin market has pulled back just a bit during the trading session on Friday as we go into the weekend and face a significant amount of resistance in the form of the $12,000 level.

The NASDAQ 100 initially fell during the trading session on Friday, as we had seen a bit of US dollar buying.