Forex Daily Forecast, Analysis and Prediction

The US dollar fell a bit during the trading session on Friday, but we continue to hover around the 50-day EMA.

Bitcoin experienced a significant rally during the trading session on Friday.

The USD/ZAR is near the 18.76100 mark as of this morning’s writing.

The euro experienced a notable rebound during Friday's trading session.

The FTSE 100 has been very bullish during the training session on Friday, as we broke above the 7600 level.

Silver pulled back slightly during the trading session on Friday, as we continue to see a lot of noisy behavior.

The US dollar rallied a bit during the trading session on Friday as the ¥147.33 level continues to offer a significant amount of support.

The AUD/USD price exchange rate moved sideways on Monday.

Bitcoin price staged a strong comeback as the recent selling pressure faded.

The EUR/USD exchange rate reacted mildly to last week’s ECB decision.

Unlikely to find direction until after Bank of England and Fed meetings.

Get the weekly Forex forecast for major currency pairs for the week of January 29- February 02, 2024 here.

Traders of WTI Crude Oil saw volatile trading develop on Friday as the commodity spiked from an intraday low of nearly 76.050 and suddenly jumped upwards challenging the 78.200 ratio.

The EUR/USD started January’s trading above the 1.10350 level, which was on the 2nd of January and since this day the currency pair has eroded in value.

Get the weekly Forex forecast for major currency pairs for the week of January-February 29-02, 2024 here.