Forex Daily Forecast, Analysis and Prediction

Throughout last week's trading, the EUR/USD pair was under strong downward pressure pushing it towards the 1.0772 support before closing the week's trading around the 1.0812 support.

Gold prices benefited a lot from the American labor market disastrous results, which were announced at the end of last week’s trading.

AUD/USD: Key support level at 0.5979

After a steadfast journey of the GBP/USD pair, which extended for five trading sessions in a row, it ended in failure and movement lower towards the 1.2204 support at the end of last week’s trading.

For three consecutive trading sessions, the USD/JPY pair is moving in an upward correction range, but with limited gains out of the 107.45 support.

Turkey is facing increasing pressure from the Covid-19 outbreak, and President Erdogan’s government is under criticism after asking for public donations

British Prime Minister Johnson was hospitalized due to persistent symptoms of Covid-19 after contracting the virus over ten days ago.

New Zealand is likely to suffer long-term damages related to industry destruction from the Covid-19 pandemic.

Australian post-Covid-19 planning for the economy to prepare the country for future crises began.

USD/JPY: Pivotal point at 109.19

BTC/USD: Pivotal resistance at $7,228

GBP/USD: Price likely to test 1.2300 soon

EUR/USD: Key resistance at 1.0832

The US dollar rallied a bit against the Japanese yen during the trading session on Friday, despite the fact that the jobs number in America was absolutely miserable.

The Euro bounced a bit from a major support level just below the 1.08 handle, an area that I had been calling for a couple of the past videos now.