Forex Daily Forecast, Analysis and Prediction

The DAX continues to look for some type of support right around the 18,500 level.

Confidence in financial institutions in India has grown as exit polls regarding the India national election shows that Narendra Modi is set to remain in power with a comfortable majority.

As of this writing the USD/ZAR is near the 18.80050 ratio with sharp fluctuations streaming on to the trading screen.

The greenback has rallied slightly against the Singapore dollar during the trading session on Friday.

The US dollar has rallied again on Friday against the Indian rupee, as we are now testing the ₹83.50 level on Friday.

Bitcoin has been fairly negative during the trading session, but it looks like we are still hanging around the $67,000 level for support.

The US dollar has rallied significantly during the course of the trading session on Friday, breaking well above the 5.25 BRL level.

The dollar has rallied again against the Japanese yen and what would have been a very, very choppy market.

The euro initially tried to rally during the trading session.

At this point, it looks like the euro is doing everything it can to form some type of bottom against the New Zealand dollar.

Supportive confluence around $67,000.

The GBP/USD exchange rate was little changed on Monday.

The EUR/USD pair had a calm start of the month.

The AUD/USD pair was flat on Monday morning ahead of the important economic numbers from the United States and Australia.

The EUR/USD finished trading comfortably above the 1.08000 level this Friday, this as the currency pair and speculators await the European Central Bank’s rate