Forex Daily Forecast, Analysis and Prediction

The Australian dollar had a very tough session on Friday, breaking below the 0.68 level before finally recovering during the New York session.

Gold markets initially looked like they were going to break down drastically on Friday, but turned around quite significantly to form a massive hammer.

Ethereum continued to go sideways Friday as crypto is all but dead.

Bitcoin struggled again Friday after initially showing a bit of promise.

The EUR/USD volatility rose after last Friday’s strong Eurozone consumer inflation data.

The BTC/USD pair remained solidly below the important support of 20,000 during the weekend as sentiment waned.

The AUD/USD price is holding steady after last week’s crash.

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The Euro has bounced from a major support level to show signs of life yet again.

The S&P 500 has been all over the place during the trading session on Thursday, as it was the end of the month and of course, rebalancing occurs.

The British pound has rallied a bit during the trading session on Thursday, reaching near the 1.22 level.

The West Texas Intermediate Crude Oil market has fallen during trading on Thursday to break through a trendline.

The NASDAQ 100 has gone back and forth during the bulk of the trading session on Thursday, which should not be a huge surprise considering that it was the end of the month’s rebalancing