Forex Daily Forecast, Analysis and Prediction

The S&P 500 rallied a bit during Friday’s New York session, breaking above the top of the Thursday candle stick which of course is bullish.

Natural gas markets fell rather steeply early on during the trading session on Friday, reaching down below the $2.20 level.

The NASDAQ 100 rallied a bit during the trading session on Friday after breaking above the top of the choppy range on Thursday.

The Gold markets initially tried to rally on Friday but then fell somewhat as traders have gotten a bit exhausted.

The British pound rallied quite significantly during the trading session on Friday as we reached into the previous consolidation area.

I do believe that the Euro is going to eventually fall much lower, and the closing candlestick on Friday did suggest that a bit of a bounce was imminent.

Bitcoin initially fell during the trading session on Friday, but then turned around of form a bit of a hammer.

The Australian dollar tried to rally a bit during the trading session on Friday but as usual we have seen the 0.68 level cause a bit of resistance.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 19, 2019.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 19, 2019 here.

Start the new trading week of August 19, 2019 prepared with our Forex forecast for major currency pairs here!

The NASDAQ 100 had an interesting trading session during the day on Thursday, as we have bounced off of the psychologically and structurally important 200 day EMA.

The British pound should continue to rollover at this point, although we have rallied quite nicely during the trading session on Thursday.

The Euro has initially tried to rally during the trading session on Thursday but then broke down rather significantly to reach towards the 1.11 handle.

The US dollar has initially tried to rally during the trading session on Thursday but then turned around at the ¥107 level to fall rather precipitously.