Forex Daily Forecast, Analysis and Prediction

Gold markets pulled back a bit during the trading session on Thursday, testing the $1500 region before bouncing later in the day.

The West Texas Intermediate crude market gapped a bit higher to kick off the trading session on Thursday, breaking above the $52.50 level.

Bitcoin has had a bit of a slow day on Thursday, originally try to break above the $12,000 level but could not hang onto enough momentum to do so.

Natural gas markets rally during the trading session on Thursday as we continue to reach towards the $2.15 level but also continue to see quite a bit of trouble.

The S&P 500 rallied significantly during the trading session on Thursday again, slicing through the 61.8% Fibonacci retracement level from the massive selloff that we had seen recently.

For three consecutive trading sessions, the EUR USD has been holding steady between the 1.1167 support and 1.1249 resistance in a narrow, limited and stable range

With the lack of economic data and events since the beginning of this week's trading, it was normal for the GBP / USD pair to consolidate during the last trading sessions

Going back to my recent technical analysis, I pointed out that gold's gains will persist and last longer.

On the USD / JPY daily chart below, it seems clear that the price of the pair is exposed to test new support levels in the event of moving around and below the 105 psychological support, the lowest in seven months.

Silver: New 1-year high at $17.22

NZDUSD: Price recovers from 3-year low

AUDUSD: Price recovers strongly from 10-year low

USDJPY: New resistance at 106.30 holding

Natural gas markets initially tried to rally during the trading session on Wednesday but found enough resistance to roll over yet again.

Bitcoin: Consolidating triangle around $11,750 area