Forex Daily Forecast, Analysis and Prediction

The AUD/USD has traversed slightly lower again today in trading, continuing its slight and incremental bearish momentum since the 7th of September.

The USD/INR has remained in the higher realms of a slightly bullish price range in the short term as broad market nervousness has been reflected in the Forex pair.

As of this writing, ETH/USD is trading slightly below the 3300.00 level which may be viewed as a rather nervous intersection for the cryptocurrency near term.

By the end of the week's trading, gold tried to recover above the psychological resistance of $1800, but the pressures brought it back to close around $1788.

The USD/JPY is still trying to break through the 110.00 psychological resistance to complete the upward correction.

The GBP/USD corrected upwards to the 1.3865 resistance level, a rebound from sharp losses incurred last week, which reached the support level of 1.3726.

For three trading sessions in a row, the bears have been trying to push the EUR/USD to break the 1.1800 level, which paves the way for a stronger bearish breakout.

The WTI Crude Oil markets continue to show signs of strength, but are also stymied by the downtrend line that I have marked on this chart.

The S&P 500 initially tried to rally on Friday but gave back the gains to fall yet again.

The NASDAQ 100 initially tried to rally on Friday but gave back gains to form a very negative candlestick.

Gold markets were choppy again on Friday as options expiration may have been a bit of a factor.

The FTSE 100 initially tried to rally on Friday but gave back the early gains to form a bit of an inverted hammer.

The euro initially tried to rally on Friday but gave back the gains to show a less-than-desirable finish for the week.

The Canadian dollar has underperformed as of late, despite the fact that we have seen stable oil prices.

The British pound initially tried to go higher on Friday, breaking above a significant downtrend.