Forex Daily Forecast, Analysis and Prediction

The US dollar has been relatively negative against the Swiss franc lately, as we spent most of the month falling from the rising wedge that had been formed previously.

The New Zealand dollar has seen a bit of a resurgence after the central bank meeting, which is a bit ironic considering that the Royal Bank of New Zealand suggested interest rate cuts are coming.

USDJPY: Bullish break above 108.15

The Euro has rallied quite nicely during the month of June, although it has been a very messy and choppy affair.

Bitcoin: Strong bearish retracement: medium-term end to uptrend?

The Euro has seen a bit of a resurgence lately, as we may have had a bit of a bottom when it comes to the EUR/JPY pair, and we also have the EUR/USD pair trying to break to the upside as well, which of course is the overall benchmark for Euro strength.

The Australian dollar had a very strong close to the month, breaking above the 0.70 level.

USDCAD: Bullish retracement from new 4-month low

USDCHF Analysis: Bullish gap up

GBPUSD: Pound flat against resurgent Dollar

EURUSD: Bearish retracement from 3-month high price continues

The Euro went back and forth during the trading session on Friday as we continue to dance around the 200 day EMA.

Bitcoin rallied significantly during the trading session on Friday, gaining roughly 15% by the time the market started to close.

The US dollar initially tried to rally against the South African Rand but gave back the gains as we are now definitively below the 200 day EMA.

The US dollar has fallen a bit during the trading session initially on Friday only to turn around of form a bit of a hammer.