Forex Daily Forecast, Analysis and Prediction

The US dollar fell during most of the trading session on Thursday against the Japanese yen, filling the gap from the beginning of the week.

The S&P 500 initially fell during trading on Thursday but found enough support underneath the turn around and form a reasonably bullish candle stick.

The WTI Crude Oil market rallied significantly during the trading session on Thursday as we got wind that the attack on those couple of oil ships in the Gulf of Oman happened.

Gold markets rallied during the trading session on Thursday, reaching towards the upside and the massive gap that kicked off this week.

NZDUSD analysis: More bearish below 0.6590

AUDUSD analysis: Bearish break below 0.6940

USDJPY: Looking more bearish as 108.56 holds

Bitcoin: More bullish above $8,000

USDCAD: 1.3300 likely to be day’s pivotal point again

USDCHF Analysis: Bulls seeking to break above 0.9957

GBPUSD: Choppy but buyers keep price above support at 1.2642

EURUSD: Weakly bullish

The Euro initially tried to rally again during the trading session on Wednesday, but then ran into a buzz saw of resistance yet again at the 1.1350 level, which has caused a lot of resistance over the last several sessions.

Bitcoin markets continue to grind back and forth, with a slightly positive session on Wednesday.

The S&P 500 continues to be an absolute mess, as we have formed a couple of shooting stars over the last handful of sessions, but Wednesday saw a little bit more aggression when it comes to selling.