Forex Daily Forecast, Analysis and Prediction

The weekend provided plenty of price action in XRP/USD, as the cryptocurrency hit prices tested early last week then moved lower, but has kept its higher price range alive.

If the price gets established below $1.1000, it is likely to reach $1.0955.

The S&P 500 rallied a bit on Friday to break above both the 50-day EMA and the 200-day EMA.

The Ethereum market rallied on Friday to reach the 50-day EMA, a technical indicator that a lot of people will be paying close attention to.

Monero rallied a bit on Thursday to reach the $192.50 level.

The US dollar initially tried to rally against the Singapore dollar on Friday but also gave up quite a bit of the gain to form a less-than-attractive candlestick.

The US dollar rallied again against the Japanese yen to reach the ¥119 level.

The British pound initially fell on Friday to reach down towards the 1.31 level before turning around and reaching towards the 1.32 handle.

Bitcoin markets initially pulled back towards the $40,000 level on Friday before bouncing and reaching towards the 50-day EMA.

The euro initially tried to rally on Friday to break above the crucial 1.11 level.

The West Texas Intermediate Crude Oil market rallied a bit on Friday but did stall a bit as we reached the end of the week.

The US dollar plunged on Friday to break below the 200-day EMA against the Canadian dollar.

The AUD/USD pair rose to the highest level since March 7th as investors predicted that the Reserve Bank of Australia (RBA) will also embrace a hawkish tone in the next few months.

The GBP/USD pair has crawled back in the past few days as investors react to the interest rate decisions by the Bank of England (BOE) and the Federal Reserve.

The BTC/USD pair has held steady in the past few days even after the Federal Reserve turned hawkish.