Forex Daily Forecast, Analysis and Prediction

Gold markets bounced a bit during the trading session on Friday, after breaking through major support on Thursday.

Gold futures fell again last Friday as the rise of the US dollar weighed on the price of the metal.

Ethereum has fallen again on Friday, as it looks like we are testing the $1400 level.

The DAX has fallen yet again during trading on Friday as we continue to see a lot of noisy behavior and of course negativity when it comes to risk assets.

Short term highs in the USD/NOK are traversing near important resistance levels, having made new highs before going into the weekend.

As of early this Monday morning the USD/CAD has held onto plenty of the gains established by the Forex pair before going into the weekend.

The GBP/USD price crashed to the lowest level in more than three decades amid concerns about the UK economy and an extremely strong US dollar.

The BTC/USD remained in a tight range on Monday as cryptocurrencies recoiled.

The AUD/USD dropped to the lowest level since 2020 as the US dollar strength continued.

In my last analysis of the EUR/USD currency pair on 12th September, I thought that despite long-term bearish trend, it was significant that the price was continuing to establish new higher support levels.

The CAD/JPY has fallen to pierce the ¥108 level during the trading session on Friday, as traders went home to sit through the weekend.

The British pound has fallen another 0.6% during the trading session on Friday, as the US dollar continues to act as a wrecking ball against almost everything.

The AUD/USD has gone back and forth during the trading session on Friday as we continue to hover around the crucial 0.67 level.

The EUR/USD has gone back and forth during the trading session on Friday as we continue to hang around the parity level.

The BTC/USD has drifted a little bit lower during the trading session on Friday, as we continue to see the US dollar strengthen against almost everything else.