Forex Daily Forecast, Analysis and Prediction

The price is likely to turn bearish again eventually.

Gold markets pulled back a bit from the 200-day EMA as we continue to see them look very likely to consolidate in the short term.

The euro pulled back a bit from the initial attempt to rally on Friday, as we continue to see US dollar strength overall.

The British pound fell heading into the weekend, testing the 1.22 level rather quickly.

The DAX rallied a bit on Friday, but was not that impressive.

The Bitcoin market tried to rally on Friday but gave back gains rather quickly.

The EUR/USD price retreated as the strength of the US dollar continued following last week’s Federal Reserve interest rate decision.

The BTC/USD pair crash continued during the weekend as sentiment in the cryptocurrency industry waned.

The AUD/USD price retreated as the dollar strength continued as worries about a global recession continued.

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The French index had tried to rally a bit in the futures market earlier on Thursday but then sold off quite drastically.

The S&P 500 has broken down again during the trading session on Thursday, as we are below the 3700 level now.

The British pound initially fell on Thursday but then turned around to break above the 1.22 handle.