Forex Daily Forecast, Analysis and Prediction

The British pound has rallied again during the trading session on Thursday as it now looks as if we are threatening the 1.40 level.

The Australian dollar has rallied significantly during the course of the trading session on Thursday to reach towards the 0.78 handle.

The bitcoin market initially fell significantly during the trading session on Thursday, but as you can see has turned around to show signs of strength again.

The gold markets initially looked very bullish during the trading session on Thursday but gave back a significant amount of the gains to turn around and form a massive shooting star.

The USD/BRL has been able to produce a slight short-term bearish trend the past couple of days which will challenge traders’ instincts.

The USD/ZAR has seen a strong dose of bearish momentum generated in early trading today, which likely was invigorated by the past two days of results.

The USD/INR has proven to be rather intriguing during the month of March as it trades in a manner not quite correlated to other currency pairs.

The past two weeks of trading within the USD/SGD has tested the fortitude of speculators, but support levels now face a significant test too.

Gold futures closed yesterday's trading session higher, supported by the stalling of the US dollar's gains and stabilization of government bond returns.

The GBP/USD pair has been giving a bullish performance for three trading sessions in a row, with gains that reached 1.3935 at the time of writing.

The recent gains of the USD/JPY pushed the pair to a 9-month high of 109.24, but profit-taking sent the pair down to the 108.33 support level, where it has settled as of this writing.

For the second day in a row, the EUR/USD is trying to benefit from market optimism stemming from the passage of the US stimulus bill and global vaccinations.

Price looks set to rise to at least 0.7811.

Convincing rebound from 1.1850 area ahead of ECB release today.

The BTC/USD price rebounded after the mild increase of US consumer prices and after the House of Representatives passed the final stimulus package.