Forex Daily Forecast, Analysis and Prediction

The German index fell during the trading session on Thursday as we continue to see a lot of negativity.

The West Texas Intermediate Crude Oil market has pulled back just a bit on Thursday, but at this point in time, we are a little stretched at the moment.

Since the start of this week's trading, the price of the EUR/USD currency pair has been in a cautious wait until an update to the European Central Bank's policy is announced.

During the middle of this week's trading, the British pound tried to recover its recent losses against the dollar, the euro, and all other major currencies.

The recent cautious stability of the gold price may move strongly, starting from today and ending tomorrow.

Ignoring the Japanese government and the Central Bank of Japan, the recent collapse of the Japanese yen in the forex market allowed the USD/JPY to move strongly higher.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses in its last sessions, by -0.81%, to lose the index by -269.24 points.

The lira continues to decline against the major currencies, especially the dollar.

Spot natural gas prices (CFDS ON NATURAL GAS) decreased in their recent trading at the intraday levels, to record sharp daily losses until the moment of writing this report, by -3.78%.

There is wide consolidation between $1.2400 and $1.2600.

There is a narrowing triangle chart pattern forming.

AVAX/USD remains in the lower depths of its long term price range, and hopes of a strong reversal higher appear diminished for the near term.

The USD/JPY has created a whirlwind for Forex traders as they try to anticipate the gyrations of the Japanese Yen in fast and volatile conditions.

Solana did very little on Wednesday, which is a bit impressive considering just how negative it has been previously.

The S&P 500 fell a bit on Wednesday as the 50-day EMA has offered a bit of resistance.