Forex Daily Forecast, Analysis and Prediction

USD/JPY: New gently descending price channel

BTC/USD: Ascending medium-term price channel

GBP/USD: Remains bullish above 1.3271

EUR/USD: New long-term bullish trend getting underway

The Euro has extended gains during the day on Friday, reaching well above the 1.11 handle before pulling back.

The US dollar initially fell during the trading session on Friday to reach down towards the ¥107 level.

The Australian dollar pulled back just a bit during the trading session on Friday to dipped down below the 200 day EMA.

The S&P 500 seems to be unforgiving in its bullish pressure.

The NASDAQ 100 sold off initially during the trading session on Friday and did get a little bit spooked during the Donald Trump press conference.

The British pound had a very volatile session during the Friday trading hours as we had broken above the 50 day EMA but gave back the gains.

The silver markets have rallied significantly during the trading session on Friday, breaking above the $18 level.

The WTI Crude Oil market has rallied after initially breaking down during the session on Friday.

The bitcoin markets initially rally during the trading session on Friday but gave back the gains as we are starting to form a symmetrical triangle.

Gold markets have rallied significantly during the trading session on Friday, breaking above the top of the shooting star from the Thursday session.

India, home to Asia third-largest economy, was slowing before the outbreak of the Covid-19 pandemic forced a nationwide lockdown.