Forex Daily Forecast, Analysis and Prediction

The BTC/USD pair rose to an important resistance level as cryptocurrencies and stock prices turned green.

With the beginning of this important week’s trading, the price of the EUR/USD currency pair continues to maintain the recent rebound gains that pushed it towards the 1.0765 resistance level.

Gold futures enjoyed modest weekly gains, despite slowing US inflation gains and Fed optimism.

For five trading sessions in a row, the losses of the USD/JPY currency pair stopped at the support level 126.35 and settled around the 127.20 level at the time of writing the analysis.

Sterling is likely to benefit against the Euro and Dollar if Chancellor Rishi Sunak's £15 billion cash donation boosts British consumer confidence over the coming weeks.

The USD/INR continues to mount an attack on apex highs, as the bullish trend in the Forex pair remains firmly within its upper price range.

ETH/USD has fallen to new lows for the month of May, and as June is set to embark in a few days trading conditions are anxious and intriguing.

ADA/USD has fallen to critical support levels as the month of June is set to begin, and nervous sentiment remains a fixture in the crypto markets.

Ripple is trading below the 40 cents juncture, and has shown little inclination to spring a strong reversal higher as the month of June approaches.

As Bitcoin prepares to enter a new month of trading, many speculators will be glad to see the results of May in the rearview mirror particularly if they were buyers.

The NASDAQ 100 has been like a virtual punching bag for the short-sellers during the month of May.

The S&P 500 futures market has been rather negative for the entire month of May, and June does not figure to be much better.

The West Texas Intermediate Crude Oil market has been very choppy over the last couple of months, and it is very likely that we will continue to see a lot of indecision overall.

DOGE/USD remains within the lower elements of its long-term trading range, and its slight fluctuations in value can produce big betting results for gamblers.

XRP/USD has come off lows seen yesterday when it traded slightly below the 38 cents level, now the 40 cents ratio is within sight as traders guess what will happen next.