Forex Daily Forecast, Analysis and Prediction

The US economy succeeded in adding more new jobs in the non-farm sector than expected in June, thus boosting support for the US dollar.

The Japanese yen is still stronger and the USD bullish correction attempts didn’t pass the 108.63 resistance, and the USD/JPY settled again around 108.30 at the time of writing.

NZDUSD: Ranging between 0.6600 and 0.6730

AUDUSD: Ranging from 0.6950 to 0.7050

USDJPY: Ranging between 107.50 and 108.75

Bitcoin: Consolidating triangle above $10,805

USDCAD: Bearish trend halted at 1.3055?

USDCHF Analysis: Slow medium-term bullish movement

GBPUSD: Pound hits multi-month low price as Brexit looms

EURUSD: Bearish move halted by 1.1206

The Euro fell significantly during the trading session on Friday, slicing through the 50 day EMA which is a very negative sign.

Bitcoin markets fell a bit during the trading session on Friday, as we did see a bit of a “risk off” move in general.

The WTI Crude Oil market initially fell hard during the trading session on Friday, reaching down to the bottom yet again.

The NASDAQ 100 has been all over the place during the Friday session, initially trying to rally during the Asian session, but then broke down significantly to reach towards the 7800 level.

The British pound fell during the trading session on Friday, perhaps in reaction to the stronger than anticipated jobs figure coming out of the United States.