Forex Daily Forecast, Analysis and Prediction

The AUD/USD is under pressure today because of the overall strong US dollar and the mixed economic data from China.

Slight bullish bias over the short-term

After reaching a high of nearly 1342.00 on the 10th of January and then experiencing a strong wave of selling, ETH/USD has incrementally traversed higher again.

Early signs of price bottoming out

The US dollar has rallied a bit during the trading session on Friday to reach towards the 50 day EMA against the Brazilian real.

The West Texas Intermediate Crude Oil market has pulled back a bit during the trading session on Friday, but I think this has been needed.

The USD/ARS remains on a perilous road higher as its bullish trend remains unchecked and with no signs signaling a change of track.

The NASDAQ 100 fell a bit during the course of the trading session on Friday as we continue to see the markets show quite a bit of volatility.

The Australian dollar has pulled back from the highs again during the trading session on Friday as we continue to see the market graduate in general.

The S&P 500 has fallen a bit during the trading session on Friday as traders are concerned about whether or not Joe Biden will get his $1.9 trillion in stimulus,

Bitcoin markets initially tried to break above the $40,000 level during the trading session on Friday but gave back the gains to break down significantly and reach towards the $35,000 level.

Gold markets initially tried to rally during the trading session on Friday, the 200 day EMA being tested.

The USD/ZAR is lingering within its higher short term values and this is setting the table for traders with adventurous streaks in their character.

Next key point of interest at 1.3500.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of January 18, 2021.