Forex Daily Forecast, Analysis and Prediction

Gold markets fell slightly during the trading session on Friday but remain cognizant of the 50-day EMA sitting just below.

The Australian dollar pulled back a bit during the trading session on Friday to reach down towards the 50-day EMA.

The Bitcoin market bounced rather hard during the trading session on Friday as the 50-day EMA has offered support.

The AUD/USD is little changed today as the market reflects on the overall stronger dollar after the recent strong data from the United States.

The EUR/USD was little changed during the Asian session after it dropped by almost 1% on the Friday session.

ADA/USD continues to traverse the higher realms of its long term range. A record high was made in the middle of April and speculators may expect greater value.

The DAX Index will open May trading near an important price juncture and cause speculators to question their perspectives on direction nervously.

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The Bank of Canada has recently announced that they were going to taper from the bond purchase program, and that of course is a very bullish sign for the currency itself.