Forex Daily Forecast, Analysis and Prediction

The gold markets have rallied rather significantly during the trading session on Thursday as we gapped higher and then went looking to reach the $1950 level.

Bitcoin has pulled back slightly during the trading session on Thursday as we got fairly close to the 50 Day EMA.

The DAX has initially tried to rally during the trading session on Thursday but has found the €14,500 level to be difficult to overcome.

Ethereum has rallied a bit during the trading session on Thursday to reach a minor downtrend line.

The solid bullish trend in the USD/JPY has continued to produce gains.

SHIB/USD traded towards important resistance in late trading yesterday only to be pushed back downwards.

The story with Bitcoin now is one of consolidation: zooming out to a daily chart shows that the price is within a narrowing triangle pattern.

The Euro initially rallied during the trading session on Wednesday, but then pulled back a bit from the highs.

The British pound has rallied a bit during the course of the trading session on Wednesday to reach towards the 1.31 handle.

The WTI Crude Oil market initially tried to rally but gave back gains as the $100 level has offered far too much in the way of resistance.

Bitcoin has initially tried to rally during the trading session on Wednesday but gave back gains as we reached the 50 Day EMA.

Ethereum has rallied a bit to kick off the trading session on Wednesday, but I do not see a lot of momentum, nor do I see a lot of volume in this market.

Monero has rallied a bit during the trading session on Wednesday as we are dancing around the $190 level.

The FTSE 100 has rallied during the trading session on Wednesday to touch the 50 Day EMA before pulling back a bit.

The DAX had an explosive positive move during the trading session on Wednesday to reach towards the €14,500 level.