Forex Daily Forecast, Analysis and Prediction

The gold markets have recently formed a little bit of a “double bottom”, and that could be the beginning of something rather interesting.

The Australian dollar initially tried to rally during the trading session on Friday, which was both Good Friday and Non-Farm Payroll Friday.

The euro pulled back ever so slightly during Good Friday, which featured a lot less volume as usual.

The USD/JPY continues to trend higher, and important values from February 2020 are within sight for short-term speculators.

Light holiday trading may produce volatility for the USD/BRL near term as it hovers within the higher ratios of its three-month price range.

The USD/MXN continues to produce selling flourishes, even as the Forex pair has challenged higher values which have called into question bearish sentiment.

The USD/SGD remains within sight of important resistance and trading volumes are low due to the long holiday weekend.

Although there is a long-term bullish trend, we are more likely to see a meaningful breakout on the short side.

The price of gold has been trying to rebound upward, but the gains of the bounce did not exceed the $1730 level, instead stabilizing around $1725 in this week's trading.

The GBP/USD pair is still attempting to rebound higher, but sufficient momentum is lacking.

For two weeks in a row, the USD/JPY has been moving in a distinct upward correction range that has launched it near the 111.00 resistance level, a one-year high.

Better-than-expected results from recent US economic data, especially with regard to the labor market, helped the US dollar achieve more gains before the market holiday.

The British pound is proving itself to be a relatively strong currency.

The EUR/USD price held steady in early trading as the market continued to reflect on the strong US employment numbers published on Friday.

The AUD/USD held steady in early trading as the market focused on the rising bond yields in the United States and the upcoming interest rate decision by the Reserve Bank of Australia (RBA).