Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 initially tried to rally during the trading session on Friday but found the 12,000 level to be a bit resistive.

The West Texas Intermediate Crude Oil market pulled back a bit to kick off the trading session on Friday, reaching down towards the 50 day EMA.

AUD/USD: 0.7000 looking more likely to hold

The British pound has gone back and forth during the trading session over the last 24 hours, but quite frankly the market continues to look as if it is still trying to figure out what to do with itself.

The S&P 500 initially tried to rally during the trading session on Thursday but then gave back the gains as we simply have no idea where to go from here.

USD/JPY: Low volatility and range

The silver markets have rallied a bit during the trading session on Friday but gave back the gains to show less than convincing momentum.

The Australian dollar initially dipped during the trading session on Friday but then recovered enough to come close to the 0.71 handle.

BTC/USD: Watch for bullish breakout opportunity

GBP/USD: Pivotal area at 1.2993 / 1.3000

EUR/USD: Support at 1.1684 looks important

Gold markets have initially tried to rally during the trading session on Friday but gave back the gains above the 50 day EMA.

Bitcoin had initially fallen during the trading session on Friday but turned around to bounce yet again.

The US dollar initially pulled back a bit during the trading session on Friday, reaching towards the ¥105 level.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 18, 2020.