Forex Daily Forecast, Analysis and Prediction

The silver market saw some retracement during the Wednesday trading session, though it has been bouncing back and forth in a range, with both buyers and sellers entering the market.

The GBP/USD currency pair has rallied slightly, but is approaching the crucial 1.24 level, an area that has formed a significant double top.

Gold markets have been experiencing a lot of noise and choppiness lately, with a failure to break through the crucial $2000 level.

The natural gas market has been under significant selling pressure during the trading session on Wednesday, making it challenging to imagine a scenario where one would be a buyer of natural gas.

The GBP/JPY has surged higher, breaking above the ¥162.50 level, which is an essential resistance level.

The Australian dollar has been struggling to break above the 0.67 level, a significant resistance and support level over the past few months.

The Euro has been struggling to break through the 1.09 level, with a significant shooting star formation from the previous week in this area.

The S&P 500 index has seen a rally during Wednesday's trading session, with the market approaching the crucial 4050 level.

My last signal on 21st March produced a nicely profitable long trade from the bullish rejection of the support level which I had identified at $0.6669.

The GBP/USD pair dropped slightly on Thursday morning as US bond yields retreated and stocks and the US dollar rallied.

The EUR/USD exchange rate was little changed after the US published another set of positive economic data.

The BTC/USD pair bounced back as buyers targeted the year-to-date high of 28,958.

The price of the TRY/USD declined during early trading this morning, coinciding with the decline in the ability of the Turkish Central Bank to control the exchange rate of the lira at less than levels of 19 liras per dollar.

Recently, the gold (XAU/USD) price suffered consecutive losses in the trading sessions, as the banking crisis concerns faded away.

After the recent selling operations, to which the USD/JPY exchange rate was exposed, we recommended our valued clients consider buying the currency pair from the support level of 130.30.