Forex Daily Forecast, Analysis and Prediction

The S&P 500 Index rallied quite nicely on Friday, and we threatened the top of the shooting star from the previous day.

The NASDAQ 100 Index rallied a bit again on Friday as we continue to see the market “climb the wall of worry.”

The West Texas Intermediate Crude Oil market fell a bit on Friday as the 200-day EMA has offered a bit of trouble.

Gold markets rallied a bit on Friday to reach toward the $1800 level in the spot market.

The AUD/USD currency pair rallied a bit Friday as we continue to climb ever so slightly.

More bearish below 0.7063.

The GBP/USD price pulled back on Monday morning as investors prepared for a relatively busy week ahead for the British pound.

The EUR/USD price pulled back to a low of 1.0254, ahead of the upcoming economic numbers from the United States and Europe.

The BTC/USD price moved solidly above the resistance point at 24,000 as sentiment in the market improved.

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The West Texas Intermediate Crude Oil market has rallied a bit, but at this point, it looks to me as if we are heading close to a major resistance region.

The gold markets have gone back and forth during the session on Thursday, as we are sitting just below the $1800 level.

The German index initially tried to rally during the trading session, but suddenly looks very vulnerable.