Forex Daily Forecast, Analysis and Prediction

The British pound rallied significantly during the day on Friday, testing and breaking above the top of the shooting star from the Thursday session.

The Euro initially pulled back during the trading session on Friday but found enough buyers underneath the turn things around.

The S&P 500 rallied again during the day on Friday, reaching above the 3010 level to show even more strength.

The NASDAQ 100 rallied significantly during the trading session on Friday, testing the top of the shooting star from Thursday.

Bitcoin markets rallied a bit during the day on Friday to reach towards the psychologically and structurally important $12,000 level.

The WTI Crude Oil market has gone back and forth during the trading session on Friday, sitting just above the psychologically important $60 level.

Natural gas markets rallied a bit during the trading session on Friday, dancing around the 50 day EMA.

The Australian dollar ripped higher on Friday to break above the 0.70 level rather handily.

The Gold markets did very little on Friday, rallying slightly but at the end of the day we haven’t changed much.

USDCAD: Bearish at pivotal 1.3000 area

USDCHF Analysis: Selling off from 0.9850?

GBPUSD: Weak bullish recovery from below 1.2500

EURUSD: Ranging between 1.1235 and 1.1279

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of July 15, 2019.

The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits.