Forex Daily Forecast, Analysis and Prediction

USDJPY: Short-term bullish break above 108.30

Bitcoin: Bullish consolidation above $8,893 continues

The US dollar bounced a bit during the trading session on Friday, after the jobs never came out better than anticipated.

The US dollar has traded back and forth during the session on Friday as we got the Non-Farm Payroll figure.

The Euro has initially fallen during the trading session on Friday as the jobs number came out better than anticipated.

The British pound tried to rally during the trading session on Friday but gave back most of the gains as we simply can’t take off yet.

The Australian dollar has rallied slightly during the trading session on Friday but continues to find resistance near the 0.69 level.

Following comments out of the Bank of Canada that an interest rate cut may follow soon, the Canadian Dollar collapsed as forex traders adjusted their positions

Monthly economic indicators by the New Zealand Treasury were released during the Asian trading session and they painted a weak economic picture for the small, export oriented economy.

16 Asian countries are close to signing an ASEAN trade pact which will be the largest in the world;

USDCAD: Level at 1.3120 looks pivotal today

USDCHF Analysis: Strongly supported around 0.9800

GBPUSD: Weakly bullish above 1.2920

EURUSD: Bullish above 1.1128

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of November 4, 2019.