Forex Daily Forecast, Analysis and Prediction

After four straight bearish sessions for the USD/JPY last week, the pair collapsed to the 106.56 support, the lowest level for a month.

The British pound initially tried to rally during the trading session on Friday, breaking above the 200 day EMA.

The S&P 500 went back and forth during the trading session on Friday, as traders trying to stabilize the markets after that massive rout on Thursday.

The US dollar has rallied nicely against the Japanese yen during the trading session on Friday.

For three consecutive trading sessions, the EUR/USD pair is moving in a downward correction range that pushed it towards the 1.1212 support at the end of last week’s trading.

The USD/PKR is testing important resistance near 166.0000 as the currency markets are being pressured by sharp losses on major international stock indices, as the Asia trading session operates and futures markets in the US suggest a day of losses on Wall Street.

An ascending week compensated the losses of the previous week.

The NASDAQ 100 has gone back and forth during the trading session on Friday in a sign of uncertainty, but after the massive selloff on Thursday

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The Australian dollar has gone back and forth during trading on Friday, initially showing signs of strength but then fell again.

The Euro initially tried to rally during the day on Friday but gave back quite a bit of the gains a turnaround and show signs of exhaustion.

Singapore is on track to reopen its entire economy by the end of June, but limitations in the number of people permitted will remain in place.

The USD/MXN has traded with flavor the past week and been challenging for even experienced speculators.