Forex Daily Forecast, Analysis and Prediction

The AUD/USD is in a tight range today as traders wait for the important Reserve Bank of Australia (RBA) interest rate decision set for tomorrow.

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The Euro has initially fallen during the trading session on Thursday only to turn around and show signs of life again.

The S&P 500 initially fell to kick off the trading session on Thursday but turned around to show signs of life at the 50 day EMA yet again.

The FTSE 100 fell initially during the trading session on Thursday but found enough support at the 6400 level to turn around to show signs of strength.

The British pound initially fell during the trading session on Thursday, reaching down towards the 1.36 level before turning around and rallying significantly.

The NASDAQ 100 did rallied significantly during the trading session but has given up quite a bit of the strength during the day.

The Australian dollar has pulled back significantly and turned around to show signs of support again, in the form of a hammer.

The US dollar initially rallied against the Canadian dollar during trading on Thursday but has found resistance above the crucial 1.28 handle.

Gold markets initially tried to rally during the trading session on Thursday, but then ran into a bustle of resistance near the 50 day EMA.

Bitcoin markets fell to reach down towards the $30,000 level on Thursday but have turned around quite decisively to not only rally but close off the very high of the day.