Forex Daily Forecast, Analysis and Prediction

For two weeks in a row, the USD/JPY has tried to correct the upside.

Last week's downward correction pushed the EUR/USD pair to the 1.1952 support level, its lowest in two months, before settling around 1.2050 after the US jobs numbers were announced.

The NASDAQ 100 fluctuated during the trading session on Friday after the jobs number came out a bit disappointing.

The DAX is struggling just above the 14,000 level heading into the weekend, as we are testing the highs yet again.

The FTSE 100 fluctuated during the course of the trading session, as we stabilized at the 6400 level.

The West Texas Intermediate Crude Oil market rallied again during the trading session on Friday as we pierced the $57 level.

The S&P 500 continues to chug higher as Wall Street celebrates the job losses.

Crypto has been in favour in markets lately due to ongoing fallout from the Reddit r/WallStreetBets group buying of various assets.

The gold markets rallied slightly during the trading session on Friday as the US dollar lost a little bit of strength.

The Australian dollar rallied on Friday after what was a very quiet week for the market.

Bitcoin has done very little over the last couple of sessions, which is not necessarily a bad thing.

The British pound rallied during the trading session on Friday as the jobs number was lackluster to say the least.

Bulls need to get the price to hold up above 0.7702 to really change the dominant bearish pattern.

The euro rallied rather significantly on Friday to wipe out all the losses from Thursday.

This currency pair is moving in a wide, evenly balanced consolidation between the support at 1.3617 and the resistance at 1.3759.