Forex Daily Forecast, Analysis and Prediction

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of April 12, 2021.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of April 12, 2021 here.

Start the week of April 12, 2021 with our Forex forecast focusing on major currency pairs here.

The NASDAQ 100 rallied significantly during the trading session on Thursday, even though the last couple of days have been rather choppy.

The FTSE 100 has gapped higher to kick off the trading session on Thursday to reach towards the most recent high.

The German index did very little during the trading session on Thursday as we continue to see lackluster performance.

The West Texas Intermediate Crude Oil market has gone back and forth over the last several sessions, but during the Thursday session showed a certain amount of support.

The S&P 500 has rallied slightly during the trading session on Thursday to show signs of strength again, as we continue to see a push to the upside.

The Euro has turned around a break slightly above the shooting star from the previous session on Wednesday, as it continues to see massive inflows.

The British pound initially tried to rally during the trading session on Thursday but found the 50 day EMA to be a bit too much to get above.

The Australian dollar has rallied a bit during the course of the trading session on Thursday to reach towards the 50 day EMA above.

The gold markets have broken out above the $1750 level during the trading session on Thursday to reach towards the 50 day EMA.

Bitcoin markets have rallied a bit during the trading session on Thursday to show signs of life again.

Speculators need to continue buying the USD/ARS and take advantage of the slow-moving rocket ride higher being achieved.

The USD/BRL remains a rather consolidated Forex pair for speculators who have the ability to be patient regarding its value changes.