Forex Daily Forecast, Analysis and Prediction

Gold futures ended the tumultuous trading week lower as the brunt of the financial market sell-off came on the yellow metal.

A fall in value early this weekend to new long term depths did put AVAX/USD under 14.0000 briefly, a slight reversal higher has occurred but lows remain in sight.

SHIB/USD bounced to short-term highs on Sunday and early this morning, but its move higher has shown signs of a lower trajectory in the past couple of hours.

Ethereum markets did almost nothing on Friday as we continue to see malaise in this market.

Litecoin continues to look vulnerable, although we did gain a minuscule amount Friday.

The West Texas Intermediate Crude Oil market had a rough trading session on Friday as most assets did.

The S&P 500 went back and forth on Friday as we continue to see a lot of volatility in this market.

The NASDAQ 100 rallied ever so slightly heading into the weekend, but at this point it looks as if it is going to continue to see downward pressure.

The price is likely to turn bearish again eventually.

Gold markets pulled back a bit from the 200-day EMA as we continue to see them look very likely to consolidate in the short term.

The euro pulled back a bit from the initial attempt to rally on Friday, as we continue to see US dollar strength overall.

The British pound fell heading into the weekend, testing the 1.22 level rather quickly.

The DAX rallied a bit on Friday, but was not that impressive.

The Bitcoin market tried to rally on Friday but gave back gains rather quickly.

The EUR/USD price retreated as the strength of the US dollar continued following last week’s Federal Reserve interest rate decision.