Forex Daily Forecast, Analysis and Prediction

Australian Prime Minister Morrison and his government is exploring options to pay for the massive stimulus announced in response to the global Covid-19 pandemic.

BTC/USD: Support near $7,000 looks strong

GBP/USD: Support at 1.2411 still looks strong

EUR/USD: Supportive area near 1.0820

The Euro initially fell a bit during the trading session on Friday but then turned around to rally as the market reached towards the 1.09 level.

The US dollar has gone back and forth during the trading session on Friday, as we continue to see a lot of choppiness in this market.

The US dollar has gone back and forth in a rather volatile session on Friday against the Indian rupee, as well as many other currencies.

The British pound initially pulled back during the trading session on Friday but turned around to reach slightly above the 1.25 level.

The Australian dollar rallied a bit during the trading session on Friday, as the world celebrated the announcement from Donald Trump that the United States may open up

The NASDAQ 100 gapped higher to kick off the trading session on Friday, after President Donald Trump suggested that the US economy could get back to work much quicker than people anticipated.

The S&P 500 is going to test a gap, regardless of which direction it moves now.

The silver markets fell during the trading session on Friday, reaching towards the $15 level, an area that I think is crucial, as it has previously been resistance,

We rolled over to the June contract at the end of the session on Friday, so this is the chart that we are looking at.

Gold markets have fallen significantly during the trading session on Friday, reaching down below the $1700 level.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of April 20, 2020.