Forex Daily Forecast, Analysis and Prediction

During my daily analysis of minor currency pairs, the AUD/CHF pair has caught my attention as the Australian dollar has now reached the 200 Day EMA.

The British Pound has fallen significantly to reach the 1.25 level, a large round psychologically significant figure that a lot of people will be paying attention to.

In my daily analysis of the CAD/JPY pair, I’ve noticed that although we initially did pull back just a bit, the buyers came in to pick up this market and show signs of life again.

The NASDAQ 100 has gone back and forth in the early part of the Friday session as we continue to see a little bit of trouble near the 20,800 level.

In my daily analysis of the EUR/USD pair, the first thing that I notice is that the euro has completely collapsed.

During my daily analysis of the NZD/USD pair, it’s obvious that the market is very negative, as we have broken down through a significant support level in the form of the 0.5850 level.

Gold has rallied to reach the $2,700 level late on Friday as it looks like we are trying to break out to the upside.

The EUR/USD exchange rate continued falling after a series of weak economic numbers from Europe.

Bitcoin price remained under pressure on Monday morning after flirting with the crucial resistance level at $100,000 last week.

The AUD/USD exchange rate moved sideways ahead of key economic data from the United States and Federal Reserve minutes.

After falling sharply to a new 6-month low price Friday, the price has seen a bullish rebound against the greenback, gapping up over the weekend and threatening to break above resistance.

Forex markets are seeing a strong US Dollar, which has climbed to a near 2-year high, weakening European currencies such as the British Pound and the Euro, while Bitcoin has climbed to new record highs just below $100,000.

Speculators who have been betting on upside to suddenly emerge in the GBP/USD because they believe the currency pair has been oversold have likely been hit by rather expensive losses.

WTI Crude Oil was able to produce a polite bullish climb last week after testing important support levels last Monday, now speculators may question where reliable resistance might prove durable.

EUR/USD breaks below 1.05 as USD strength dominates, AUD/USD and USD/CAD show short-term pullbacks, while gold and NASDAQ 100 continue their bullish momentum.