Forex Daily Forecast, Analysis and Prediction

Since the start of this week's trading, the price of the euro currency pair against the US dollar, EUR/USD, has stabilized around its strong gains.

Despite announcing the rise in British inflation to its highest level in 41 years, the GBP/USD stopped the upward path at the 1.1942 resistance level.

For the fourth day in a row, the bears fail to push the USD/JPY currency pair below the support level of 137.67.

The price of the TRY/USD stabilized during the early trading Thursday, as the Turkish Central Bank kept control of the currency rate, no longer moving due to economic data, but according to the interventions of the Central Bank of Turkey.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels.

Spot natural gas prices (CFDS ON NATURAL GAS) rose in early trading on Thursday.

Due to the recovery of the US dollar, gold futures settled lower.

The USD/TRY has turned in a rather dynamic month of trading as it has consolidated, and has even managed to hold its value stable, but this is likely not a good thing.

The USD/CAD has taken on a consolidated stance this week and traders should be careful based on the notion sentiment remains fragile in the financial world.

The West Texas Intermediate Crude Oil market has done very little for the last several weeks, bouncing around in the same area that we have been in for a while.

The NZD/USD has found the 0.62 level to be a bit much to get above, as we are suddenly running out of momentum.

The EUR/GBP continues to bounce around in a relatively tight range, as we initially rallied to reach the 0.88 level, but then turned around to show signs of weakness again.

The BTC/USD has dropped a bit during the trading session on Wednesday, as we continue to see the fallout from the FTX debacle.

The AUD/USD initially trying to rally during the trading session on Wednesday but continues to struggle around the 0.68 level.

My previous EUR/USD signal on 13th October produced a profitable trade from the bullish inside hourly candlestick.