Forex Daily Forecast, Analysis and Prediction

AUD/USD: Consolidating above 0.6706

USD/JPY: Long-term resistance 110.07/30

BTC/USD: More bearish below $10k

GBP/USD: Consolidation likely today

EUR/USD: New 2.5-year low price reached Friday

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of February 17, 2020.

The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week.

Get the weekly Forex forecast for major currency pairs for the week of February 17, 2020 here.

Singapore faces disruptions related to Covid-19 but remains at the forefront of fighting the spread of the disease, as well as the economic damages from it.

Japanese companies face intense disruptions related to Covid-19, impacting a wide range of sectors, from tourism to technology.

Germany is leading bearish Eurozone economic output, providing evidence monthly that the global economy remains fragile.

The Euro initially tried to rally during the Thursday session, but then rolled over just below the 1.09 level.

The Australian dollar has fallen a bit during the trading session on Thursday but continues to find buyers as we approach the 0.67 handle.

The NASDAQ 100 has initially fallen during the trading session on Thursday but then turned around to form a hammer like candlestick.

The US dollar continues to struggle against the Japanese yen at the ¥110 level, an area that has caused issues in the past.