Forex Daily Forecast, Analysis and Prediction

BTC/USD: Support level at $8,375 looks very strong

GBP/USD: Likely to consolidate today between 1.2396 and 1.2484

The US dollar continues to dance around the ¥107 level, as we have dipped a below there and now it looks like we are going to continue to see negative pressure applied to this currency pair.

The British pound initially tried to rally during the trading session on Friday but then gave back the gains to dip below the 1.25 handle.

The Euro rallied initially during the trading session on Friday, reaching slightly above the 1.10 level before pulling back.

NASDAQ 100 traders sent this market much lower during the trading session on Friday, perhaps possibly due to Tesla or Amazon being sold off.

The Australian dollar broke down significantly during the trading session on Friday, as we broke down below the 0.65 handle.

Silver markets initially dipped during the trading session on Friday but found enough support underneath the $15 level to turn things around.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Friday, as we continue to see crude oil recover.

Bitcoin has gone back and forth during the session on Friday, just as it had done on Thursday, albeit in a much less volatile range.

Gold markets pulled back initially during the trading session on Friday but found enough buyers underneath the turn things around and form a hammer.

The S&P 500 has gapped lower to kick off the trading session on Friday, reaching down towards the 50 day EMA.

EUR/USD: Pivotal Point @1.0923

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