Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair's losses during last week’s trading culminated in a move towards a 4-month low, reaching the support level of 1.1761 before closing steadily around 1.1792.

The USD/TRY is on a dangerous path for financial institutions and speculators as they try to determine what and who to trust.

The USD/CAD has incrementally risen in value the past week-and-a-half and important resistance junctures are in sight.

The USD/ZAR is straddling the 15.00000 ratio as traders are being forced to contemplate their short-term sentiment.

The USD/INR has delivered fresh reversals early today, but its short-term value band continues to hold steady and offers speculators opportunity.

$58,161 looks to be very pivotal resistance.

The pivotal area is between 1.3810 and 1.3746.

The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Friday, breaking above the $60 level.

The euro rallied just a bit during the trading session on Friday, but still remains well below the 200-day EMA.

The British pound rallied a bit during the trading session on Friday to overcome the 1.3750 level again.

The NASDAQ 100 has fallen initially during the trading session on Friday but then turned around to rally again as US stocks in general rally.

The S&P 500 gapped higher to kick off the Friday session, and then simply went straight up in the air.

The DAX index gapped higher to kick off the trading session on Friday, and then rallied just a bit more to test the highs that we had recently made.

The FTSE 100 rallied during the trading session on Friday to break above the top of several hammers, which is a very bullish sign.

Gold markets have done nothing over the last couple of weeks, and unfortunately, I can say the same thing for the Friday session.