Forex Daily Forecast, Analysis and Prediction

The Ethereum market initially rallied on Friday but then turned around to show signs of exhaustion.

Neo drifted lower on Friday as we continue to see negativity in this market.

The British pound fell significantly on Friday as we have sliced through the 1.30 handle.

The euro plunged on Friday to show signs of weakness yet again but did recover a bit towards the end of the day.

The West Texas Intermediate Crude Oil market went back and forth on Friday to form a bit of a hammer.

Gold markets rallied a bit on Friday to reach the $1950 level, an area that will be important to pay attention to not only because it is considered to be a “midcentury mark”, but it is also an area where we have seen resistance previously.

Bitcoin initially fell a bit on Friday to test the 50-day EMA, only to turn around and show signs of life.

The S&P 500 went back and forth on Friday to show signs of neutrality, as we closed essentially unchanged.

The US dollar initially rallied against the Brazilian real on Friday, testing the 4.80 BRL level.

The US dollar rallied on Friday to reach the 1.3650 level against the Singaporean dollar.

There are no key support levels preventing fall to $1.0710.

The GBP/USD crawled back slightly on Monday morning as investors position themselves for a busy week.

The BTC/USD pair lost its bullish momentum as fears of a more hawkish Federal Reserve coincided with falling on-chain activity.

The AUD/USD pair lost its bullish momentum as the Federal Reserve and Reserve Bank of Australia (RBA) convergence emerged.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of April 11, 2022.