Forex Daily Forecast, Analysis and Prediction

The British pound has broken higher during the course of the trading session on Thursday to break above the significant 50 day EMA.

The NZD/JPY has continued its recent upwards trend and the Forex pair is approaching crucial psychological resistance near the 78.000 level.

The NZD/USD has gained more ground in the past two days and mid-term resistance levels which are within sight may look vulnerable to bullish speculators.

The USD/PKR has seen bullish momentum intensity as the Forex pair makes new highs, and concerns regarding the Pakistan economy shadow the nation.

The 0.7400 area may be resistant over the short term.

Gold futures closed lower yesterday despite expectations of weak US jobs numbers tomorrow which boosted the safe-haven gold price to the $1,820 resistance level.

The USD/JPY has settled around the 110.00 psychological resistance as USD pairs anxiously await the US jobs numbers tomorrow.

The GBP/USD tried to correct upwards by breaking through the 1.3800 resistance, but fell back to settle around 1.3770 as of this writing.

With renewed popularity for the euro and the US dollar’s ​​cautious anticipation of US job numbers, the EUR/USD corrected upwards to the 1.1857 resistance level before settling around 1.1840 as of this writing.

ETH/USD has broken higher and is challenging values it has not traversed since the middle of May, and speculators may be dreaming about larger values.

The DAX Index initially tried to rally on Wednesday but continues to struggle at the €16,000 level.

The West Texas Intermediate Crude Oil market initially pulled back just a bit on Wednesday to show signs of hesitation, before turning back around to form a significant hammer.

The US dollar has been fluctuating against the Canadian dollar over the last couple of days, as we are simply hanging around the 200-day EMA.

The NASDAQ 100 rallied ever so slightly on Wednesday but gave back the early gains to turn things around and show signs of hesitation.

The S&P 500 initially tried to rally a bit on Wednesday but gave back the gains as sit on the sidelines and wait for the jobs figure on Friday.