Forex Daily Forecast, Analysis and Prediction

The British pound pulled back a bit during the trading session on Friday to reach towards the psychologically and structurally important 1.25 level.

The Euro fell during the trading session on Friday, perhaps carving out a significant trading ranges again.

The US dollar bounced a bit during the trading session on Friday to recover against the Japanese yen, showing signs of life again.

The WTI Crude Oil market initially tried to rally during the trading session on Friday, but then rolled over to show signs of exhaustion again, reaching down to the $55 level.

The Australian dollar has fallen a bit during the trading session on Friday, reaching down towards the 0.7050 level.

Natural gas markets have fallen a bit during the trading session on Friday, which makes perfect sense considering that we had a couple of possibilities to push the market higher than both failed.

USDCAD: Ranging above 1.3020

USDCHF Analysis: Bearish below 0.9847

GBPUSD: Modest recovery from last week’s 27-month low price

EURUSD: More bearish but 1.1199 strong support

The Bitcoin market pulled back a bit during the trading session on Friday, reaching towards the $10,000 level.

Looking at the stock market, you can see that we did try to rally a bit during the trading session on the S&P 500 for Friday, but then gave back the gains.

The Gold markets gapped higher to kick off the trading session on Friday but have given back all of the gains to come down and fill the gap.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of July 21, 2019.

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