Forex Daily Forecast, Analysis and Prediction

The Turkish lira continued its stability within a narrow trading range.

The sharp upward trajectory of the performance of the USD/JPY currency pair reached the 131.25 resistance level, the highest in 20 years.

The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record losses for the second day in a row, by 2.77%, to lose 939 points.

Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at a decrease in its recent trading at intraday levels, to achieve slight daily gains.

XRP/USD remains near important lows after touching a depth it had not traversed since January, as the price of Ripple struggles to create positive momentum.

SHIB/USD is trading near vital long-term support levels, and actually tested vital depths over the weekend which sparked a moderate reversal higher.

¥130.50 looks likely to be today’s pivotal point.

Ethereum fell significantly on Friday to show further weakness.

ZCash plummeted during the trading session on Friday as we continue to see crypto underperform.

The German DAX Index gapped higher in the futures market on Friday to show signs of promise.

The US dollar initially fell on Friday but turned around to show signs of life as it formed a hammer.

The US dollar fell on Friday to reach the 50-day EMA before turning around to show signs of support.

The West Texas Intermediate Crude Oil market rallied a bit during the Friday session to break above the $105 level.

Bitcoin pulled back from the $40,000 level, an area that continues to be a major indicator of confusion, as we are bouncing around in the same vicinity.

Gold markets rallied significantly on Friday to show signs of strength.