Forex Daily Forecast, Analysis and Prediction

BTC/USD has enjoyed a fruitful August of positive results as the cryptocurrency essentially gained another solid percentage ratio.

The AUD/USD is the most active currency pair after NZD/USD.

The price is approaching a long-term resistant trend line.

The GBP/USD price is in a holding pattern as the month comes to an end.

The BTC/USD recent bullish momentum faded as bulls struggled pushing it above the 50,000 mark.

The USD/TRY has continued its rather impressive bearish stance and in early trading this morning is near important mid-term lows.

Firm support is likely at 0.6935.

The weakness of the US dollar after the Jackson Hole Symposium contributed to a strong upward rebound for gold.

The USD/JPY tried to settle above the 110.00 psychological resistance throughout last week's trading ahead of the Jackson Hole Symposium.

The GBP gained some momentum last week against the other major currencies, namely the dollar, the euro and the Japanese yen.

The EUR/USD has been trying to correct upwards, ultimately jumping to the 1.1802 resistance level on Friday, a 2-week high, before closing trading around 1.1795.

The EUR/GBP remains within a rather consolidated trading range via a mid-term perspective, but slight bullish movement is beginning to show signs of life.

The NZD/USD has provided a firework display of volatility the past two weeks as technical trading has reacted swiftly with short-term sentiment concerns.

The USD/NOK has continued to trade near its short-term lows in early morning action and the Forex pair is hovering within sight of critical mid-term support.

XRP/USD outperformed expectations in August as it achieved a high of nearly 1.35000 on the 15th after trading near a low slightly below 70 cents when the month started.