Forex Daily Forecast, Analysis and Prediction

At the end of last week's trading, gold prices rose XAU/USD, as the US dollar retreated from the highest level in 20 years.

The S&P 500 has broken above the 50-Day EMA during the trading session on Friday as we continue to see a lot of strength in the recovery rally.

The NASDAQ 100 has rallied again during the trading session on Friday as the US dollar started to lose strength.

The Ethereum market rallied quite nicely on Friday to break above the $1700 level. By doing so, it suggests that we may continue to consolidate in the short term.

The BTC/USD market has rallied rather significantly during the trading session on Friday as the US dollar gets hammered.

The USD/JPY opened slightly lower this morning and sank to a low of nearly 142.325 early, but has climbed upwards incrementally since.

The long-term bearish trend in this currency pair remains valid, but relative strength in the Euro has continued as the Dollar weakens slightly or consolidates.

The WTI Crude Oil market rallied rather hard during the trading session on Friday, as we continue to see a lot of volatility overall.

The USD/JPY has pulled back a bit during the trading session on Friday to show signs of hesitation against the Japanese yen.

The AUD/USD has rallied rather significantly on Friday to break much higher.

The gold market did rally during the trading session on Friday, but it also gave up about half of its gains as we continue to see downward pressure.

The EUR/USD did rally a bit during the trading session on Friday, but also gave back quite a bit of the gains to show just how weak this market is.

The GBP/USD price moved upwards as focus shifts to important economic data from the United States and the UK.

The BTC/USD price continued its recovery as the US dollar and the VIX index retreated.

The AUD/USD price bounced back on Friday as the strong US rebound took a breather.