Forex Daily Forecast, Analysis and Prediction

EURUSD: Ranging between 1.1123 and 1.1183

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The US dollar has been all over the place against the Japanese yen during trading on Thursday, dipping below the 200 day EMA at one point.

The Euro has initially tried to rally during the trading session on Thursday but then broke down below the 1.12 handle.

The British pound has pulled back significantly during the trading session on Thursday, reaching down below the 1.3150 level.

The S&P 500 rallied a bit during the trading session on Thursday, lagging behind the NASDAQ 100 which has already broken out.

The NASDAQ 100 has broken above the crucial 8800 level during the trading session on Thursday, thereby showing that we are ready to go much higher.

The Australian dollar has initially tried to rally during the trading session on Thursday but found the market a bit overextended.

The West Texas Intermediate Crude market has pulled back a bit during the trading session on Thursday, as we continue to grind back and forth in this general vicinity.

Gold markets rallied a bit during the trading session on Thursday as more traders are coming back to work.

Bitcoin has broken down a bit during the trading session on Thursday as traders came back to work, continuing the overall negativity that we have seen for quite some time.

Natural gas markets broke down a bit during the trading session on Thursday as traders came back to work, making the back of a hammer from the previous trading session.

Since December 2019, the US Dollar has been under increasing selling pressure.