Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied slightly during the trading session on Good Friday, as bankers were away for the holiday.

The US dollar has been going back and forth against the Indian rupee over the last several days, as we are sitting just below the 200 day EMA.

The West Texas Intermediate Crude Oil market has been back and forth in general, and it now looks as if we are continuing to hang onto the 50 day EMA.

The bitcoin markets continue to fail at the $60,000 level which is a bit surprising considering that the market had been in such a major bullish run until recently.

The US dollar has initially fallen during the trading session on Friday again against the South African Rand, reaching towards the 14.50 Rand level before turning around and rally in a bit.

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The S&P 500 has rallied significantly during the trading session on Thursday to break above the 4000 level as traders jumped into the market to open up Q2.

The NASDAQ 100 rallied during the trading session on Thursday as we head into Easter.

The US dollar has initially tried to rally during the day on Thursday against the Canadian dollar but found the 1.26 level as a bit too much to overcome.

The German index has rallied significantly during the trading session again on Thursday as we continue to see the DAX outperform a lot of indices globally.

At the end of the day we are simply in an area of consolidation while we try to figure out where to go next.

The Euro bounced significantly during the trading session on Thursday as the 1.17 level has offered significant support.

The British pound has rallied significantly during the trading session on Thursday, as the 1.3750 level has been important more than once.