Forex Daily Forecast, Analysis and Prediction

Last week's trading was generally bullish for the performance of the price of the USD/JPY currency pair, amid investors' abandonment of the Japanese yen.

During last week's trading, the bulls continued to control the performance of the gold (XAU/USD) price, with gains that reached the resistance level of 1988 dollars an ounce.

The USD/MXN is hovering barely above the 18.00000 mark as of this writing.

The USD/ZAR started today’s trading near the 17.75775 ratios early this morning, but the currency pair has seen a reversal upwards and is near the 17.93400 vicinities as of this writing.

The USD/ZAR has gone back and forth during the trading session on Friday, as it looks like the 17.70 whether those starting off for a little bit of support, as well as previous resistance.

The S&P 500 rallied during Friday's trading session, moving well above the 4100 level.

The natural gas market has seen a bit of a rally in recent days, with prices hovering around the $2.00 level.

The EUR/USD initially tried to rally during Friday's trading session but faced some selling pressure above the 1.09 level.

The GBP/JPY rallied significantly during Friday's trading session, reaching above the 1.65 level before pulling back slightly.

The GBP/USD exchange rate continued retreating on Monday morning as the US dollar continued its comeback.

The British pound attempted to rally, but it continues to face resistance in the 1.24 level.

The EUR/USD exchange rate pulled back on Monday morning, continuing the sell-off that started on Friday.

The Australian dollar attempted to rally during the trading session on Friday, but ultimately showed signs of exhaustion, forming a bit of a shooting star.

The recent trading session saw silver initially pull back, only to show signs of strength again.

Bitcoin had a strong performance in March as investors rushed to 'safe havens' following the collapse of Silicon Valley Bank and Signature Bank.