Forex Daily Forecast, Analysis and Prediction

AUDUSD: Slightly bearish consolidation persists

Bitcoin: Bulls and bears are evenly balanced

USDCAD: Consolidation between 1.3251 and 1.3345

USDCHF Analysis: Bearish below 0.9774

GBPUSD: More Bullish on trade deal outlook

EURUSD: Consolidation likely between 1.1117 and 1.1162

The Australian dollar went back and forth during the trading session on Friday, as the Chinese levied retaliatory tariffs against the Americans again.

Bitcoin rallied a bit during the trading session on Friday as we continued to see a bit of a runaway from a fiat currencies in general.

The Euro rallied quite nicely during the Wall Street trading session on Friday after initially pulling back.

The British pound initially fell during Friday’s Wall Street session, as the 1.2250 level has offered a bit of resistance in the short term.

Natural gas markets went back and forth during the trading session on Friday, as we continued to see a lot of trouble with oversupply.

The S&P 500 broke down rather significantly during trading on Friday, as the Chinese have reacted to the US tariffs finally.

The US dollar looks likely to attempt to break down below the ¥105 level during the trading session on Monday, which of course has been a solid support level in the past.

The WTI markets have broken down significantly during the trading session on Friday, slicing through the $55 level.

Gold markets initially dipped a little bit during the trading session on Friday, reaching down towards the $1500 level.