Forex Daily Forecast, Analysis and Prediction

EUR/USD: Euro relatively strong against resurgent U.S. dollar

The S&P 500 initially pulled back during the trading session on Friday but looks as if it is trying to show signs of life again and rally.

The NASDAQ 100 has fallen a bit during the trading session on Friday, as we reached towards the 11,500 level yet again.

The US dollar has gone back and forth during the trading session on Friday as we closed out the week.

The Australian dollar went back and forth during the trading session on Friday but found resistance at the 50 day EMA to keep this market somewhat soft.

The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Friday, but then broke down a bit to slice through the 50 day EMA.

The Euro initially fell during the trading session on Friday, reaching down below the 1.18 level initially, but then turned around to rally towards the 1.1850 level.

The British pound initially tried to rally during the trading session on Friday but gave back the gains above the 1.31 handle.

Silver markets have gone back and forth during the trading session on Friday, as we initially tried to rally but gave back the gains early.

The Bitcoin markets initially rallied during the trading session on Friday but found the going a bit tough during the trading session as we had been overbought for some time.

Gold markets have gone back and forth during the trading session on Friday as we are looking for some type of direction

The Euro has been very noisy over the last 30 days, settling on a more bullish attitude than anything else.

The NASDAQ 100 continues to be very noisy, but at the end of the day it is an index that should never be shorted.

The S&P 500 has been bullish during the month of October, as we head towards the overall election’s nonsense and of course potential stimulus.

WTI Crude Oil has found a rather comfortable value range the past month.