Forex Daily Forecast, Analysis and Prediction

The USD/BRL closed around the 5.4154 ratio going into the weekend, having crept slightly upwards incrementally on Friday as the day came to an end.

The USD/CAD remains within the upper realms of its long term price range and traders will need to remain diligent while pursuing the Forex pair.

The WTI Crude Oil market has fallen during the trading session on Friday, to lose almost 2.5%.

The S&P 500 has fallen a bit during the trading session on Friday as we continue to see a lot of “risk off” type of situation.

The NASDAQ 100 has rallied a bit during the trading session on Friday but then turned around to show signs of weakness as we have broken below the 11,000 level.

The CAC tried to rally on Friday, and although it did keep some of the gains, it ended up forming a bit of an inverted hammer.

The USD/JPY has rallied a bit during the trading session on Friday to test the ¥145 level.

The AUD/USD has sold off significantly during the trading session on Friday, as we continue to threaten the bottom.

Gold markets rallied a bit during the trading session on Friday but continues to see the $1680 level as an interesting resistance barrier, and of course hold off from that level.

The EUR/USD gave up some of the momentum heading into the weekend, as we are hanging about the 0.98 level.

The BTC/USD has done almost nothing during the trading session yet again during the day on Friday, as we are sitting just below the 50-Day EMA.

My previous GBP/USD signal on 20th September was not triggered, as the bearish price action took place above the resistance level which I had identified at $1.1451.

The EUR/USD price recovered modestly from its two-decade low in the final part of the week as investors bought the dip.

The BTC/USD price continued to consolidate as investors waited for the next catalyst.

The Australian dollar remained under pressure in the final part of last week even as other developed country currencies like sterling and euro crawled back.