Forex Daily Forecast, Analysis and Prediction

The Brazilian Real has essentially traded in a range between 5.0000 and 5.5000 the past month with intermittent trends depending on global risk appetite and sentiment being generated domestically.

USD/JPY: Price returning to comfort zone as USD regains some ground

The USD/ZAR has busted through critical support levels early this morning as a wave of selling continues to improve the value of the South African Rand.

BTC/USD: Bulls and bears evenly matched within narrowing triangle

GBP/USD: Bulls need more momentum to break resistance

The USD/PKR has tested higher resistance and lower support levels the past few trading days and has proven the importance of solid risk management.

EUR/USD: Ranging from 1.1250 to 1.1350

Instinct is an important aspect of forex trading and the USD/INR from a technical perspective may lead some speculators to believe the Indian Rupee will continue to display further weakness because of its trend.

Mexican gross fixed investment plunged a record 28.9% in April over March, in seasonally adjusted terms.

The NASDAQ 100 initially sold off during the trading session on Friday, as it has been a bit of a stretch for a while.

Singapore secured three of the Top Five private equity and venture capital deals across South-East Asia in the first quarter of 2020.

The US dollar has broken down a bit during the trading session on Friday, showing signs of weakness yet again.

Silver markets went back and forth during the trading session on Friday, showing signs of exhaustion but have broken above the $19 level, which is an area that has been difficult to deal with for some time.

The West Texas Intermediate Crude Oil market has initially pulled back on Friday to show signs of weakness but turned right back around to form a hammer.

The British pound had an interesting trading session, initially dropping during the day on Friday, and even piercing below the 200 day EMA.