Forex Daily Forecast, Analysis and Prediction

The market could very well break out, and that would be the main reason that people are looking at this market through a bullish prism.

The Bitcoin market fell a bit during the trading session on Friday to pierce below the 200-day EMA.

Gold markets initially fell during the trading session on Friday but then turned around to show signs of strength again.

The Australian dollar has been horrible to trade unless you are a short-term trader and are willing to take advantage of range-bound markets.

The Ethereum market initially tried to rally during the trading session on Friday but gave back the gains to show signs of exhaustion again.

The USD/ZAR has continued to demonstrate an ability to incrementally track lower and is now touching long-term support levels.

As of this writing, DOGE/USD is set to enter the month of June testing vital support levels, following record highs made only three weeks ago.

ADA/USD produced destructive trading during the month of May, depending on which side of the trend speculators were participating on.

Will June trading be as dangerous as the past four weeks?

BTC/USD has continued to face headwinds as the month of June gets ready to start, and traders are being confronted by rather steady bearish conditions.

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The market looks likely to get a little bit of a short-term pullback.

At this point, it is very possible that the market is due for a short-term pullback.

It certainly looks like we are trying to build up enough pressure to break out of an ascending triangle.