Forex Daily Forecast, Analysis and Prediction

The German index rallied just a bit during the trading session on Thursday as we have recaptured the 14,000 level yet again.

The Aussie dollar rallied a bit during the trading session on Thursday, to break above the top of the shooting star from the previous session.

The Euro rallied initially during the trading session on Thursday but gave back the gains in order to form a bit of a shooting star.

The British pound rallied a bit again during the trading session on Thursday but continues to find headwinds just above.

The West Texas Intermediate Crude Oil market has pulled back a bit during the trading session on Thursday, as OPEC has delayed its timeline of recovery for 2021 during the session.

The Bitcoin market rallied during the trading session again on Thursday after initially dropping a bit.

The US dollar/Canadian dollar pair has been sideways during most of the trading session on Thursday, which makes quite a bit of sense considering that the oil markets were relatively quiet as well.

The S&P 500 has done very little during the trading session on Thursday as we continue to simply kill time after the most recent shot higher.

Gold markets broke down during the trading session on Thursday to reach down towards the 200 day EMA.

Dogecoin has seen its luster grow the past week of trading as it achieved record highs on Sunday and Monday after finding itself the beneficiary of abundant media coverage.

The past two days of trading have seen ETH/USD slow its record setting pace as it languishes within the higher value band of its record territory.

The USD/ARS remains a long-term buy for speculators with the capability to hold onto positions and manage their risks.

The USD/SGD has regained strong momentum downward and its ability to sustain lower values should be watched intently.

At the beginning of Thursday's trading, the price of gold stabilized around the $1835 level after the dollar's decline had pushed it towards the resistance level of $1855.

The strong bullish momentum of the GBP/USD pair continues as it tested the 1.3865 resistance, its highest since April 2018, and settled near it as of this writing.