Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market has rallied significantly during the trading session, perhaps due to the idea of the stimulus bill finally being passed

The NASDAQ 100 has rallied significantly and broke not only above the shooting star for the previous session but has also broken above the 50 day EMA.

The FTSE 100 has gone back and forth during the course of the trading session as we have formed a shooting star that was preceded by a hammer on Wednesday.

The US dollar has broken down significantly against the Canadian dollar during the trading session as we continue to see the crude oil markets rally

The S&P 500 has shown itself to be bullish yet again during the trading session on Thursday, as we have reached towards the 3950 level.

The Euro rallied significantly during the trading session on Thursday after the press conference from the ECB suggests that they are going to print more money, but not necessarily do a lot in a committal way.

The British pound has rallied again during the trading session on Thursday as it now looks as if we are threatening the 1.40 level.

The Australian dollar has rallied significantly during the course of the trading session on Thursday to reach towards the 0.78 handle.

The bitcoin market initially fell significantly during the trading session on Thursday, but as you can see has turned around to show signs of strength again.

The gold markets initially looked very bullish during the trading session on Thursday but gave back a significant amount of the gains to turn around and form a massive shooting star.

The USD/BRL has been able to produce a slight short-term bearish trend the past couple of days which will challenge traders’ instincts.

The USD/ZAR has seen a strong dose of bearish momentum generated in early trading today, which likely was invigorated by the past two days of results.

The USD/INR has proven to be rather intriguing during the month of March as it trades in a manner not quite correlated to other currency pairs.

The past two weeks of trading within the USD/SGD has tested the fortitude of speculators, but support levels now face a significant test too.

Gold futures closed yesterday's trading session higher, supported by the stalling of the US dollar's gains and stabilization of government bond returns.