Forex Daily Forecast, Analysis and Prediction

Gold markets had a tough day on Friday, but it appears that the market is trying to find support just below the $2000 level.

The EUR/USD has been trading in a tight range against the US dollar (USD) in recent sessions, with the psychologically important 1.10 level acting as a key resistance level.

The AUD/USD has been trading in a narrow range in recent sessions, with significant support at the 0.66 level and resistance at the 0.68 level.

The price of the TRY/USD settled near its lowest level ever against the US dollar, which it recorded during trading at the beginning of the week.

The price range of the USD/MXN has proven durable and has been rather tight and impressive.

The USD/ZAR is near the 18.12100 mark as of this writing with rather quick changes occurring.

In the midst of limited trading last week, the price of the EUR/USD currency pair moved in a range between the support level 1.0909 and the resistance level 1.0993

The USD/JPY saw a slight decline during Friday's trading session but remained supported just below the 200-Day EMA.

At the end of last week’s trading, the GBP/USD currency pair was subjected to bearish pressure that pushed it towards the support level 1.2366

Last week's trading was in general dominated by the bulls over the performance of the USD/JPY currency pair, with gains that reached the resistance level 135.13.

Throughout the last week's trading, the price of an ounce of gold, XAU/USD, was exposed to profit-taking sales.

The S&P 500 index experienced a decline during Friday’s trading session, as the market has been struggling to break out of the technical resistance level of 4200.

The GBP/USD broke lower during Friday's trading session, dropping below the 1.24 level.

Natural gas markets started pricing in the month of June with a new contract.

The West Texas Intermediate (WTI) Crude Oil market has shown some signs of a potential bullish stance on Friday, bouncing from the 50-Day EMA and closing the gap.