Forex Daily Forecast, Analysis and Prediction

BTC/USD: Bearish on risk-off sentiment

The US dollar has gone back and forth during the trading session on Friday but overall has seen more negativity than anything else.

The S&P 500 has initially fallen during the trading session on Friday, but as it was a quadruple witching day, the options market had their say as far as volatility was concerned.

Silver markets went back and forth during the trading session on Friday, as we continue to see a lot of choppiness.

GBP/USD: Price likely to continue to move sideways

The British pound initially tried to rally during the session on Friday but failed at the 1.30 level yet again.

EUR/USD: Key support at 1.1826

Gold markets went back and forth during the trading session on Friday again, as we simply drift sideways in general.

The West Texas Intermediate Crude Oil market initially pulled back a bit initially during the trading session but found some support at the 50 day EMA before turning around to reach towards the 200 day EMA.

The Euro has gone back and forth during the trading session on Friday but at this point it looks as if it is still struggling with the idea of the 1.19 level above, which has offered significant resistance.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of September 21, 2020, here.

Start the week of September 21, 2020, with our Forex forecast focusing on major currency pairs here.

Mexico is on course to cross the 700,000 infection level over this weekend, as the death toll nears 72,000, the fourth-highest globally.

Indonesia returned to partial, localized lockdowns amid a surge in Covid-19 infections.

The US dollar has broken major support and the ¥105 level, an area that of course has been very important in the past and of course is a very large, round, psychologically significant figure.