Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate crude oil market has gapped higher to kick off the trading session on Friday, pulled back a bit, and then shot out from the $52.50 level to slam into the $55 level.

The Euro has tried to rally again during the trading session on Friday, but as you can see, the 50 day EMA continues to attract a lot of selling pressure.

The British pound broke down a bit during the trading session on Friday, slicing through the 1.21 level, an area that has been offering a bit of support in the recent couple of weeks.

The NASDAQ 100 has gone back and forth during the trading session on Friday and it looks like the Monday session is going to be rather difficult.

Natural gas markets initially fell during the trading session on Friday but then turned around to bounce a bit during the trading session on Friday to show signs of support.

The US dollar rallied a bit during the trading session on Friday as we broke above the top of the shooting star that formed on Thursday.

The S&P 500 has been all over the place during the week, and what has been a massive amount of volatility driven by the US/China situation, central banks in Asia doing surprise interest rate cuts, and then of course the Federal Reserve outlook.

NZDUSD: Sold from 0.6500

AUDUSD: Top in place above 0.6800

USDJPY: Bearish below 105.83.

Bitcoin: Bearish wedge supported by $11,112

USDCAD: Bearish retracement to 1.3185?

USDCHF Analysis: 0.9700 continues to hold as support

GBPUSD: Bearish below 1.2088

EURUSD: Ranging from 1.1163 to 1.1244