Forex Daily Forecast, Analysis and Prediction

USDJPY: Bullish breakout from price channel threatens 108.86

Bitcoin: Very bearish; new 6 month low prices

The US dollar initially pulled back a bit against the Japanese yen during the trading session on Friday, but then found support underneath to turn things back around

The Euro continues to try to break down through the 1.10 level, as the market has shown itself to be extraordinarily negative.

The S&P 500 has initially fallen during the trading session on Friday, but then turned around to show signs of life as the 3100 level has offered support.

The British pound got hammered during the Friday session, but quite frankly when you look at the longer-term aspect of trading here,

The NASDAQ 100 went back and forth during the course of the session on Friday, as we are trying to figure out where to go next.

The Australian dollar initially tried to rally during the trading session on Friday but gave back the gains in order to form a bit of a shooting star shaped candlestick.

The natural gas markets gapped higher to kick the Friday session off, but then pulled back a bit to the test the $2.60 level,

Bitcoin has gotten hammered again during the trading session on Friday, breaking down below the support that we had been seeing for some time.

The West Texas Intermediate Crude Oil market has gone back and forth during the day on Friday, as we have a lot of noise out there and the market is likely to see a lot of noise

Gold markets initially tried to rally during the trading session on Friday but gave back the gains to end up forming a bit of a shooting star shaped candle

USDCAD: Consolidation between 1.3251 and 1.3301

It appears the bearish momentum is on the rise with each leg lower and the timing of the current cryptocurrency mini-crash brings back memories of the Crypto Winter of 2018.

Downside momentum is exhausted after the USD/TRY reached its support zone.