Forex Daily Forecast, Analysis and Prediction

India has taken a leadership position in new daily confirmed Covid-19 infections, surpassing both the US and Brazil.

USD/JPY: Support at 106.43 looks pivotal

The US dollar initially tried to rally during the trading session on Friday but gave back the gains at the ¥107 level for the third day in a row, showing real weakness.

The British pound initially rallied during the trading session on Friday but has found a significant amount of resistance at the 1.3150 level again.

The S&P 500 pulled back a bit during the trading session on Friday, and at first looked a little bit limp.

BTC/USD: Resistance above $12k likely to be very strong

The Euro pulled back a bit during the trading session on Friday but has recovered quite nicely to form a green candlestick.

The NASDAQ 100 has gone sideways again during the day on Friday, as we are near the 11,150 level.

GBP/USD: Potentially strong bullish breakout above 1.3134

The Australian dollar initially pulled back during the trading session on Friday but continues to find buyers underneath.

Silver markets have fallen a bit during the trading session on Friday, as we have seen a bit of profit-taking, or perhaps just simple consolidation.

The US dollar has been grinding higher against the Brazilian real for some time now but continues to find resistance near the 5.50 level.

The West Texas Intermediate Crude Oil market has pulled back slightly during the trading session on Friday, showing signs that we are nowhere near getting ready to make a significant move.

EUR/USD: More bullish if daily close above 1.1876

Gold markets have gapped a little bit lower to kick off the trading session on Friday and then fell a bit from there as well.