Forex Daily Forecast, Analysis and Prediction

The FTSE 100 has fallen significantly during the course of the trading session on Thursday to reach down towards the 1600 level.

The Euro initially tried to rally during the trading session on Thursday but gave back the gains rather early and then continue to drop.

The British pound has fallen again during the trading session on Thursday, to reach down towards the 1.40 handle.

The Australian dollar has gone back and forth during the course of the trading session on Thursday as we continue to look at the 50 day EMA as a potential support level.

Bitcoin markets got hammered during the trading session on Thursday as Elon Musk has reversed previous acceptance of Bitcoin as payment for Tesla automobiles.

Gold markets have fallen initially during the trading session on Thursday but found buyers underneath that turned around and showed a positive candlestick.

In its best daily performance of the year, the USD/JPY moved to the 109.70 resistance level yesterday, where it stabilized near at the beginning of trading on Thursday.

For two days in a row, gold was subject to profit-taking that pushed it towards the support level of $1814 after a period of upward stability around the $1845 resistance.

After bullish stability over the last 3 sessions, the GBP/USD has settled around the 1.4165 resistance level, a two-and-a-half-month high.

After the dust caused by the US job numbers settled, the US dollar reacted positively to the announcement of the US CPI reading.

After achieving one-month highs only three days ago, the NZD/USD is now traversing near important support levels following a strong reversal lower.

XRP/USD is hovering above critical mid-term support levels as speculators are left to decide on their sentiment regarding direction.

The cluster of support below 0.7696 is likely to be today’s pivotal zone.

DOGE/USD remains a source of speculative trading as its value changes continue to produce wild fluctuations.

Risk-off sentiment gives USD a boost.