Forex Daily Forecast, Analysis and Prediction

Gold markets rallied a bit on Friday to reach the $1950 level, an area that will be important to pay attention to not only because it is considered to be a “midcentury mark”, but it is also an area where we have seen resistance previously.

Bitcoin initially fell a bit on Friday to test the 50-day EMA, only to turn around and show signs of life.

The S&P 500 went back and forth on Friday to show signs of neutrality, as we closed essentially unchanged.

The US dollar initially rallied against the Brazilian real on Friday, testing the 4.80 BRL level.

The US dollar rallied on Friday to reach the 1.3650 level against the Singaporean dollar.

There are no key support levels preventing fall to $1.0710.

The GBP/USD crawled back slightly on Monday morning as investors position themselves for a busy week.

The BTC/USD pair lost its bullish momentum as fears of a more hawkish Federal Reserve coincided with falling on-chain activity.

The AUD/USD pair lost its bullish momentum as the Federal Reserve and Reserve Bank of Australia (RBA) convergence emerged.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of April 11, 2022.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 11, 2022 here.

Start the week of April 11, 2022 with our Forex forecast focusing on major currency pairs here.

The US dollar has rallied significantly during the trading session on Thursday to continue the recovery against the Canadian dollar.

The West Texas Intermediate Crude Oil market initially rally during the trading session to retest the 50 Day EMA and of course the previous uptrend line.

Ethereum has pulled back a bit on Thursday but has found buyers by the end of the day to turn things around and form a bit of a hammer.