Forex Daily Forecast, Analysis and Prediction

USDT/USD has traded in its typical tight range the past five days, achieving a high on the 1st of April and then having reversed slightly lower.

The Bitcoin market has fallen a bit on Friday to pierce the $45,000 level, and then test the 200-day EMA.

The euro has fallen a bit on Friday to break below the 1.1050 level, which suggests that we are ready to go to the 1.10 level after that.

Gold markets have fallen a bit during the trading session on Friday to reach the $1922 level before bouncing a bit.

The Ethereum markets initially fell during the trading session on Friday but then turned around to gain for the session, closing near the $3440 region.

Solana pulled back ever so slightly on Friday but found the $120 level to be supportive enough to turn things around.

LUNA/USD created new highs over the weekend and the cryptocurrency continues to maintain its optimistic speculative stance.

During last week’s trading, gold futures struggled to record significant gains and did not exceed the resistance level of $1950.

At the end of last week’s trading, the price of the Japanese yen fell against the rest of the other major currencies.

The recent signals from the Bank of England about the future of raising interest rates brought the GBP/USD exchange rate more bearish momentum in the past week.

During last week’s trading, the price of the EUR/USD currency pair attempted to rebound to the upside.

The US dollar initially dipped lower to kick off the Friday session against the Canadian dollar but then turned around to show signs of life again.

New lower resistance level at $46,983.

The US dollar has initially dipped just a bit lower to kick off the Friday session against the CAD but then turned around to show signs of life again.

The US dollar has broken below the 4.70 BRL level during trading on Friday, as it continues to fall against a lot of emerging market currencies.