Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market fluctuated during the trading session on Friday, as we continue to hang around the $75 level.

The market turned around to show signs of strength as we formed a major hammer.

The British pound initially pulled back just a bit during the trading session on Friday, but then turned around to show signs of extreme strength.

This is a market that is in a major uptrend and is breaking out to the upside.

The S&P 500 rallied rather significantly heading into the weekend as the jobs number came out with an addition of 850,000 for the month of June.

Gold markets rallied initially during the session on Friday to try to break out of recent consolidation but saw a pullback as exhaustion came back into play.

There was more of a “risk on” attitude to the markets, and traders were looking to find a little bit of exposure to risk.

Bitcoin fluctuated during the rather quiet trading on Friday, as most traders were paying close attention to the jobs number more than anything else.

The DAX Index gapped higher to kick off the trading session on Friday, but then went back and forth to show signs of hesitation.

This is a market that continues to show hesitation, but overall, we are still very much in an uptrend and channel.

The AUD/USD was little changed in early trading as investors reflected on the latest US non-farm payrolls (NFP) and the upcoming Reserve Bank of Australia (RBA) interest rate decision.

The EUR/USD wavered during the Asian session ahead of a relatively low-volume day as the US celebrates Independence Day.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of July 5, 2021.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 5, 2021 here.

Start the week of July 5, 2021 with our Forex forecast focusing on major currency pairs here.