Forex Daily Forecast, Analysis and Prediction

The US dollar rallied a bit during the trading session on Friday as the ¥147.33 level continues to offer a significant amount of support.

The AUD/USD price exchange rate moved sideways on Monday.

Bitcoin price staged a strong comeback as the recent selling pressure faded.

The EUR/USD exchange rate reacted mildly to last week’s ECB decision.

Unlikely to find direction until after Bank of England and Fed meetings.

Get the weekly Forex forecast for major currency pairs for the week of January 29- February 02, 2024 here.

Traders of WTI Crude Oil saw volatile trading develop on Friday as the commodity spiked from an intraday low of nearly 76.050 and suddenly jumped upwards challenging the 78.200 ratio.

The EUR/USD started January’s trading above the 1.10350 level, which was on the 2nd of January and since this day the currency pair has eroded in value.

Get the weekly Forex forecast for major currency pairs for the week of January-February 29-02, 2024 here.

The DAX initially pulled back just a bit during the training session on Thursday, but he continues to see a lot of strength as we have turned around to rally.

The US dollar has rallied early on Thursday against the Swiss franc to reach the crucial 50-Day EMA indicator.

The US dollar has gone back and forth during the trading session on Thursday as we are hanging around the crucial ¥147.33 level.

Bitcoin has had a rather quiet session on Thursday as we continue to hang around the crucial $40,000 level.

The US dollar has been back and forth against the Canadian dollar during the trading session on Thursday, as we continue to hang around the 1.35 level.

The S&P 500 rallied a bit early during the trading session here on Thursday, as we continue to see a lot of upward pressure.