Forex Daily Forecast, Analysis and Prediction

The USD/ZAR traversed slightly higher in early trading this morning and nearby resistance may prove enticing for speculators.

The USD/INR may prove attractive to speculators who believe the Forex pair may be ready to re-establish some bearing traction.

ETH/USD continues to move near important support levels as speculators wonder if the mid-term slump will remain durable.

Volatility has declined significantly.

Support at 1.3831 looks likely to be strong.

The euro rallied significantly during the day on Friday to close just below the 1.19 level.

The British pound rallied significantly during the Friday session to reach towards the 1.39 level, in a complete reversal of the massive selling that we had seen recently.

The West Texas Intermediate Crude Oil market gapped a little bit higher during the trading session on Friday, but then shot higher to reach towards the $75 level.

The S&P 500 initially fell during the trading session on Friday only to turn around and break out to a fresh, new all-time high.

The NASDAQ 100 initially fell during the trading session on Friday only to turn around and find plenty of buyers.

The FTSE 100 rallied a bit during the trading session on Friday to wipe out quite a bit of the losses from the Thursday session.

The gold markets initially pulled back during the trading session on Friday but found buyers underneath the turn the market back around.

The Australian dollar rallied a bit during the trading session on Friday, wiping out all of the losses from the trading session on Thursday.

The Bitcoin market did rally just a bit during the trading session on Friday, but this is a marketplace that is continuing to struggle overall, as we had initially bounced over the last couple of weeks but cannot seem to be able to get above the 200-day EMA.

The EUR/USD price retreated slightly ahead of a relatively busy week where the US and the Eurozone will publish important economic data.