Forex Daily Forecast, Analysis and Prediction

The USD/BRL has once again proven it refuses to remain correlated to other major Forex pairs as a bullish reversal has taken hold.

The USD/MXN has continued to consolidate within its short term range, but curiously has also seen resistance levels move lower.

The USD/ZAR is testing lower values as its short-term resistance levels have incrementally decreased.

The USD/INR remains gripped within a bearish trend which continues to demonstrate rather durable resistance levels.

The S&P 500 rallied a bit during the trading session on Friday only to turn around and sell off just below the 4200 level.

The DAX Index had a strong day on Friday to close out the week, as we gapped higher to kick off the session and then reached towards the crucial 15,500 level.

This is a market that should continue to find buyers on dips as we have been in an uptrend, and the 50-day EMA underneath has offered support.

The West Texas Intermediate Crude Oil market rallied rather significantly during the trading session on Friday to show signs of resiliency.

The NASDAQ 100 rallied a bit during the trading session on Friday as the 50-day EMA has come into the picture.

The pair is not far from a new 2-year high price.

The euro fell during the trading session on Friday as we continue the overall consolidation.

The British pound initially tried to rally during the trading session on Friday after a stronger-than-anticipated retail sales number in the United Kingdom.

Gold markets went back and forth during the trading session on Friday as we try to digest some of the gains that we have seen as of late.

The market looks as if it is waiting to go somewhere, but it does not know which direction that is going to be yet.

The Bitcoin market sold off rather drastically during the trading session again on Friday, although not as bad as it did on Thursday.