Forex Daily Forecast, Analysis and Prediction

The DAX Index has opened this morning’s trading with a positive opening and has important mid-term resistance in sight.

The USD/BRL traded lower late last week and broke through important support which was near the 5.5000 juncture.

The USD/ZAR remains locked within a durable trading range and speculators who like to trade with quick-hitting positions may enjoy the current conditions.

The USD/INR has seen bearish sentiment creep back into its trading realm the past couple of days as higher resistance levels proved adequate.

The EUR/USD pair jumped to the highest level since March 3 as US bond yields retreated, with focus turning to the upcoming Federal Reserve rate decision.

The AUD/USD inched upwards in the Asian session as commodity prices rose and the US dollar slipped.

$54,400 is likely to be today’s pivotal point.

Key resistance level at 1.3906 looks likely to be today’s pivotal point.

The British pound recovered just a bit during the trading session on Friday, but it was not a very impressive candlestick.

The euro rallied significantly at the end of the trading day in the United States, as we continue to see the US dollar get hammered by US traders.

The FTSE 100 had a positive session on Friday to close out the week, after pulling back a bit over the last couple of days.

The NASDAQ 100 rallied a bit during the trading session on Friday again, but still remains below the 14,000 level.

The S&P 500 rallied a bit during the trading session on Friday to gain roughly 1%.

The US dollar fell slightly against the Canadian dollar on Friday as we continue to hang around the 1.25 handle.

Bitcoin markets have taken a bit of a beating recently, dropping over 20%.