Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market has completely ignored poor inventory numbers in order to turn around and show signs of strength.

The Aussie dollar has rallied during the trading session on Thursday to break significantly above the 50 day EMA.

The British pound initially rallied on Thursday but continues to struggle above the 1.3650 level as we have pulled back from there again.

The Japanese yen remained outperforming among the major currencies in the middle of this week’s trading.

In the middle of this week's trading, the EUR/USD currency pair attempted to recover from the selling operations from the beginning of the week that pushed it towards the 1.1315 support level.

Sterling's strong start to 2022 found further support from higher inflation figures than the market had been expecting.

Amidst the best daily performance of the gold price in more than two months, the price of an ounce of gold moved yesterday, starting from the level of $ 1810, towards the resistance level of $ 1844 per ounce.

The Shiba Inu price has moved sideways this week.

The Binance Coin price drifted upwards on Thursday as investors attempted to buy the dips.

The euro rallied just a bit on Wednesday as we are trying to hang on to the idea of rallying.

The British pound bounced quite nicely from the 200-day EMA on Wednesday.

Bitcoin initially dropped a bit on Tuesday but found buyers to turn things around and show signs of life again.

The NASDAQ 100 was very volatile on Wednesday as we continue to hear a lot of noise overall.

The S&P 500 went back and forth on Wednesday as we are looking at the 4550 level as potential support.

The US dollar fell a bit against the South African rand on Wednesday, reaching down towards the 15.29 rand level, but perhaps more importantly, the 200-day EMA sitting just below there.