Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially pulled back during the trading session on Friday, as the US dollar rallied rather significantly.

EUR/USD: Resistance area at 1.1823 looks pivotal

The US dollar has gone back and forth during the trading session on Friday as we continue to see a lot of noise just below the ¥106 level.

The Bitcoin market has pulled back just a bit during the trading session on Friday as we go into the weekend and face a significant amount of resistance in the form of the $12,000 level.

The NASDAQ 100 initially fell during the trading session on Friday, as we had seen a bit of US dollar buying.

The US dollar has rallied a bit during the trading session on Friday, and this put a bit of negativity into the silver markets.

The Euro has fallen hard on Friday but remains within the consolidation area that we have been in for some time.

The gold markets gapped higher to kick off the trading session on Friday, but then pulled back a bit to turn around and form a hammer.

The West Texas Intermediate Crude Oil market has pulled back during the trading session on Friday, reaching down towards the 200 day EMA just below.

The British pound initially tried to rally during the trading out on Friday, but then pulled back to reach towards the 1.31 level again.

Start the week of August 23, 2020 with our Forex forecast focusing on major currency pairs here.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 23, 2020 here.

Start the week of August 23, 2020, with our Forex forecast focusing on major currency pairs here.

Brazil continues to struggle with the Covid-19 pandemic, recording over 40,000 new infections daily, and the Secretariat of Economic Policy, part of the Ministério da Economia,

Eurozone governments are poised to rollback support measures for businesses, implemented as a response to the Covid-19 pandemic.