Forex Daily Forecast, Analysis and Prediction

Overall bearish sentiment continues to dominate the cryptocurrency market, but some cryptocurrencies show signs of decoupling

Canada heads to the polls today which may result in a pause in the Canadian Dollar’s strong performance

While China, for the first time, confirmed positive developments in its trade truce with the US, Brexit uncertainty has spiked

After China kept its 1-Year and 5-Year Prime Loan Rate unchanged, against a backdrop of expectations

The West Texas Crude Intermediate contract for December initially tried to rally during the trading session on Friday but gave back the gains as we approached the $55 level.

The US dollar fell a little bit during the trading session on Friday, which quite frankly is a big surprise considering that it was testing the 200 day EMA against the Japanese yen.

The S&P 500 initially fell during trading on Friday, as traders headed towards the weekend.

The natural gas markets went back and forth during the trading session on Friday, spurred by both technical and fundamental reasoning.

The NASDAQ 100 has fallen a bit during the trading session but did find enough buyers later in the day to turn things around.

The Gold markets did very little during the day on Friday as we continue to hover around the 50 day EMA.

The Euro has rallied again during the trading session on Friday as we continue to see a bit of a reaction to the repo operations in the United States.

The British pound has a rough weekend ahead of it. Quite frankly, with the parliament in the United Kingdom voting on the Brexit deal that Boris Johnson has struck with the Europeans, it’s almost impossible to have a position on over the weekend.

Bitcoin markets initially tried to rally a bit during the day on Friday but continue to see the 200 day EMA bring out sellers.

The Australian dollar has rallied again during the day on Friday, as we continue to grind towards the crucial 0.69 level.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 21, 2019.