Forex Daily Forecast, Analysis and Prediction

The Ethereum market has gone back and forth on Thursday, essentially “chopping wood” just below the crucial 50-Day EMA.

The BTC/USD continues to drop a bit as the market continues to see a lot of negativity.

This week, the EUR/USD fell to the support level of 0.9900, the lowest in 20 years.

The price of gold is heading for the fifth consecutive monthly decline, the longest losing streak in four years, as speeches by Federal Reserve officials indicate that the US central bank will keep monetary policy tight for some time.

Throughout this important week’s trading, the USD/JPY currency pair is settling around and above the 139.00 resistance.

GBP/USD seems poised to test new lows against the Euro, Dollar, and other major currencies amid poor investor sentiment towards the UK and continued weakness in global stock markets.

The West Texas Intermediate Crude Oil market found a significant amount of volatility during the trading session on Wednesday as the market has broken down below the $90 level but then turned around to form a slightly supportive candlestick.

Gold markets have fallen a bit during the trading session on Wednesday as we are threatening to break down below the $1720 level, and therefore the market is likely to continue seeing a lot of noisy behavior.

The EUR/USD has drifted a little bit higher during the training session on Wednesday, as we continue to dance around the parity level.

The Ethereum market has rallied ever so slightly during the trading session on Wednesday, slamming into the 50-Day EMA.

The BTC/USD has rallied slightly during the Wednesday session as we continue to go sideways around the $20,000 level.

Spot natural gas prices (CFDS ON NATURAL GAS) decreased in the recent trading at the intraday levels.

Despite the strong movement during the early trading, the price of the USD/TRY returned to settle at the same levels that it has been trading at for nearly a month.

The Dow Jones Industrial Average declined in its recent trading at the intraday levels, registering record losses for the fourth consecutive day.

The NZD/USD continues to demonstrate a bearish trend and is traversing near important lows.