Forex Daily Forecast, Analysis and Prediction

The USD/SGD continues to trade near important short term resistance.

The EUR/JPY bullish trend has remained strong long term and in early September the forex pair tested the 127.000 briefly before reversing lower.

Total Covid-19 cases in Switzerland crossed above 44,400 in the Alpine financial center with a population shy of 8,700,000, while the death toll climbed above 2,000.

India faces an acceleration in new daily Covid-19 infections, breaching the 90,000 level, overtaking Brazil as the second-most infected country globally, while remaining number four in the total death count.

The silver markets have initially rallied during the trading session on Friday but gave back the gains in order to form a less than impressive candlestick.

The US dollar has initially tried to rally during the trading session on Friday, but above the 50 day EMA we have seen a significant amount of resistance.

Gold markets went back and forth during the trading session on Friday, as you would expect.

The bitcoin market fell rather hard during the trading session on Friday, as the job number came out and pushed the Bitcoin market lower to reach down towards the $10,000 level.

AUD/USD: Possible higher support at 0.7250

USD/JPY: Further stock falls could drag the price down

BTC/USD: Strong fall over recent days

The Australian dollar has fallen a bit during the trading session on Friday, only to turn around and form a bit of a hammer.

The Euro fell again during the trading session on Friday, but just as we had seen on Thursday, sellers got beat back near the 1.18 level.

The S&P 500 initially broke down during the trading session on Friday, slicing through the 3500 level.

The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Friday, as we have broken the back of a hammer from the Thursday session, and perhaps even more importantly have broken down below the $40 level.