Forex Daily Forecast, Analysis and Prediction

The USD/CAD has continued to climb upwards over the past few trading days, after touching a low of nearly 1.33000 last Friday.

For four consecutive trading sessions, the price of the EUR/USD currency pair settled in a narrow range, with a bearish tendency

The US dollar finds itself trying in mid-week trading amid a broader bearish shift in global stock markets

Since the start of trading this week, the XAU/USD gold price has been subject to profit-taking sales, after testing the $2048 resistance level

The bulls still control the direction of the USD/JPY currency pair, in light of the continuation of the bearish pressure on the Japanese yen.

The USD/SGD is trading near the 1.33400 ratios as of this morning, having been able to sustain a near-term higher price range the past few days.

The GBP/USD has been showing strength against the Japanese yen in recent trading sessions, with the market spiking above the ¥168 level.

The gold market has been a very interesting one lately, with plenty of opportunities for traders to capitalize on.

The EUR/USD experienced a pullback during Wednesday's trading session, although there is still a lot of market noise around the 1.09 level, which is a significant psychological area that has seen a lot of recent activity.

The WTI Crude Oil market was bearish during Wednesday’s trading session, indicating a possible gap fill as prices continue to fall towards the $77.30 level.

The AUD/USD experienced choppy trading on Wednesday, with market volatility just below the 50-Day Exponential Moving Average (EMA) and near the 0.67 level.

The British pound held quite well on Wednesday and Thursday after a series of strong economic data from the UK.

The EUR/USD price was flat on Thursday as attempts to bounce back faltered.

Bitcoin and other cryptocurrencies dropped sharply on Wednesday after the relatively strong US banking results.

I wrote in my previous forecast that the AUD/USD currency pair was likely to continue falling, but the support level at $0.6726 looked likely to be strong so I was happy to look for a long trade there.