Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied significantly over the last couple of weeks but stalled a bit during the day on Friday as the ¥108 level seems to be a bit important at this point

The Australian dollar rallied a bit during the trading session on Friday, and unlike the last couple of days managed to hang onto signs of the gains.

The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Friday, dancing around the $55 level.

Gold markets fell again during the trading session on Friday after initially trying to rally.

The natural gas markets initially pulled back a bit during the trading session on Friday but then turned around to reach towards the 200 day EMA yet again.

Bitcoin markets tried to rally initially during the trading session on Friday as we continue to see a lot of confusion and sideways chop overall.

The S&P 500 initially tried to rally during the trading session on Friday but found enough resistance at the all-time highs to turn around and form a bit of a shooting star.

A breakdown below its resistance zone has ended the uptrend in the CAD/CHF.

After a strong rally which took the NZD/USD from its support zone through its 38.2, 50.0 and 61.8 Fibonacci Retracement Fan Resistance Levels, price action has struggled to keep the uptrend alive.

The EUR/AUD has completed a breakout above its support zone which is located between 1.59054 and 1.6012, marked by the grey rectangle in the chart.

Following a series of Brexit defeats for the Johnson government in the UK, markets started to price out a no deal Brexit which resulted in a sharp rally in the British Pound off of multi-years lows.

USDCAD: Confused technical picture

USDCHF Analysis: Very range-bound

GBPUSD: Bullish but major round number ahead at 1.2500

EURUSD: Supported above 1.1000