Forex Daily Forecast, Analysis and Prediction

SHIB/USD continues to be the darling of purely speculative crowds in the broad cryptocurrency market, having produced wild returns again this week.

The EUR/USD price may have bottomed out in January and could now be in the process of pulling back in the wake of the European Central Bank's monetary policy decision for February.

More aggressive expectations for the future of raising interest rates from the Bank of England continue to support the strength of the GBP against the other major currencies.

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.