Forex Daily Forecast, Analysis and Prediction

The NZD/USD has found the 0.62 level to be a bit much to get above, as we are suddenly running out of momentum.

The EUR/GBP continues to bounce around in a relatively tight range, as we initially rallied to reach the 0.88 level, but then turned around to show signs of weakness again.

The BTC/USD has dropped a bit during the trading session on Wednesday, as we continue to see the fallout from the FTX debacle.

The AUD/USD initially trying to rally during the trading session on Wednesday but continues to struggle around the 0.68 level.

My previous EUR/USD signal on 13th October produced a profitable trade from the bullish inside hourly candlestick.

The S&P 500 pulled back a bit during the trading session on Wednesday again, as the 4000 level continues to offer a bit of resistance.

The NASDAQ 100 has pulled back a bit during the trading session on Wednesday, as retail sales came out hotter than anticipated.

The gold markets have gone back and forth during the trading session on Wednesday, as we are approaching the crucial $1800 level.

The EUR/USD rallied a bit during the trading session on Wednesday, testing the 200-Day EMA.

The GBP/USD has initially tried to rally during the trading session on Wednesday but gave back gains yet again as we continue to see the 1.20 level above offering psychological resistance.

The GBP/USD price moved upwards after the latest American retail sales and UK consumer and producer inflation data.

The BTC/USD price continued wavering on Thursday as the fallout of FTX’s crash continued.

The AUD/USD price retreated on Thursday as the market reacted to the latest American retail sales and strong Australian hobs data.

Gold futures failed to sustain their early gains and nearly stabilized as the dollar recovered from lower levels.

For three trading sessions in a row, the losses of the USD/JPY currency pair stop at the 137.67 support level.