Forex Daily Forecast, Analysis and Prediction

The EUR/USD exchange rate crashed to its lowest level since April and formed a death cross, pointing to more downside in the coming weeks.

Bitcoin price surge gained steam in the overnight session as the bullish momentum gained steam.

The AUD/USD exchange rate pair continued falling as the US dollar as the US dollar index (DXY) rebounded by over 60 basis points.

There is firm bearish momentum here as US Dollar strength pushes European currencies firmly lower to new multi-month highs for the greenback.

USD/TRY analysis: Lira holds steady as central bank boosts reserves to record highs. Key support/resistance levels and trade signals detailed here.

Gold's attempts to rebound at the end of the US presidential election week trading failed, as its gains did not exceed the resistance level of $2710 per ounce.

A shift in the Bank of Japan's policy has tempered market expectations for further monetary tightening.

Along with the US presidential elections and Trump's victory, both the Bank of England and the Federal Reserve cut interest rates by 25 basis points last week.

At the end of last week, the Euro attempted to recover from its strong losses against the US Dollar amid the strength of the latter following Trump's re-election as US President.

The Euro initially pulled back just a bit during the trading session on Friday. As we continue to see plenty of support underneath at the 1.07 level, I think we see so much in the way of support that it is going to be difficult to break down below here.

The S&P 500 initially pulled back just a bit during the early hours on Friday, only to turn around and show signs of life.

The past week of trading in the USD/MXN was violent and a high of nearly 20.80400 was traversed, and then the currency pair reverse lower, but buying the past day and a half shows cautious attitudes.

The US dollar has rallied slightly during the early hours on Friday as it looks like we are hanging around the 0.8750 level.

The USD/ZAR has opened with tranquil trading this morning and has returned to a slightly higher one week middle ground via technical charts.

During my daily analysis of exotic currencies, I’ve been paying close attention to the US dollar against the Swedish krona, as we are doing everything we can to break out to the upside.