Forex Daily Forecast, Analysis and Prediction

Gold futures settled on the rise, achieving gains for the fourth consecutive session.

The bulls of the USD/JPY currency pair are still maintaining their gains, reaching the resistance level of 115.67.

DOGE/USD has suddenly turned consolidated and displayed rather durable resistance the past day as traders are likely looking at technical charts suspiciously.

Bitcoin continues to look less bullish than Ethereum.

The US dollar fell a bit on Wednesday to fall towards the 15.16 level against the South African rand.

Bitcoin initially fell on Wednesday but then turned around to show signs of suppo

Litecoin rallied a bit on Wednesday to reach towards the 50-day EMA.

The West Texas Intermediate Crude Oil market dipped a bit on Wednesday but found plenty of buyers near the $88.50 level to turn around again over the last 24 hours.

The Ethereum market had a choppy session on Wednesday as we continue to hang around the 200 day EMA.

The euro rallied just a bit on Wednesday as the 1.14 level has offered a little bit of support.

The British pound rolled over on Wednesday as we touched the 200-day EMA early in the session, only to give up those gains and form a rather ugly candlestick.

The S&P 500 rallied a bit on Thursday as we continue to see a lot of noisy behavior.

The NASDAQ 100 broke higher on Thursday as J.P. Morgan has stated there are “whisper numbers” of lower than anticipated inflation figures.

The US dollar fell a bit on Wednesday after initially trying to rally.

The GBP/USD pair declined slightly after an important warning by the Bank of England’s chief economist.