Forex Daily Forecast, Analysis and Prediction

It appears that the US dollar will lose more value against the pound in the wake of the US jobs report without consensus at the end of trading last week.

Throughout the transactions of the past week, the price of the USD/JPY currency pair is moving amid an upward momentum.

At the end of last week's trading, the price of the EUR/USD currency pair moved upwards towards the resistance level 1.1365.

Gold futures struggle to determine the direction, after the worst US jobs report for 2021.

Direction is relatively uncertain on a quiet Monday.

The euro has shown itself to be very bullish on Friday to break towards the 1.1360 level.

The British pound rallied significantly on Friday to reach towards the 200-day EMA.

The Ethereum market got hammered again on Friday, reaching down towards the $3100 level.

The NASDAQ 100 fell rather hard on Friday as interest rates continue to climb.

The S&P 500 initially fell on on Friday in reaction to the jobs number being so poor.

The US dollar got hammered against the Canadian dollar on Friday as both countries released their jobs numbers.

Gold markets have fallen a bit on Friday to break down below the bottom of the candlestick from the Thursday session.

The Australian dollar initially fell on Friday but found enough buying pressure underneath to turn things around and form a hammer.

Bitcoin markets fell again on Friday, as Bitcoin reached towards the crucial $40,000 level.

The West Texas Intermediate Crude Oil market rallied initially on Friday as one would expect, due to the significant momentum that we have seen to the upside.