Forex Daily Forecast, Analysis and Prediction

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.

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The S&P 500 had an adventurous day, initially pulling back during the trading session on Thursday, showing signs of exhaustion.

The GBP/USD pair rallied significantly during the trading session on Thursday, wiping out a lot of previous resistance due to the fact that the Iranians are willing to come to the table with some type of an agreement.

The Euro rallied during the trading session on Thursday, reaching towards significant resistance at the 1.13 level late in the day as it was revealed that the Iranians were willing to make significant concessions on the nuclear talks.