Forex Daily Forecast, Analysis and Prediction

The performance of the GBP/USD currency pair remained distinct last week, as the strong bullish momentum continued

For eight trading sessions in a row, the price of the US dollar against the Japanese yen (USD/JPY) currency pair moved with downward momentum in light of profit-taking operations.

The EUR/USD exchange rate fell lower in the last session of last week's trading, but its three-day rally earlier painted a more positive picture on the EUR charts.

MATIC/USD is approaching intriguing resistance levels as it comes within sight of its higher technical range which was established in late December.

ADA/USD has seen a significant amount of buying this weekend and has broken through short-term resistance levels, Cardano is within sight of one-month highs.

The Australian dollar has been weak since markets opened this week.

The West Texas Intermediate Crude Oil market rallied yet again on Friday to gain 2.2%.

The euro initially tried to rally on Friday but ran into resistance at the same spot that we did during the Thursday session that ended up forming a shooting star.

The British pound initially tried to rally on Friday but gave back gains right around the same area where we had pulled back during the Thursday session.

The NASDAQ 100 rallied quite significantly on Friday after initially plunging.

The S&P 500 fell a bit on Friday, but it must be stated that we found a bit of support at the 4600 level.

The Ethereum market pulled back significantly on Friday to reach down towards the 200-day EMA.

Dogecoin saw a huge influx of volume on Friday to break much higher.

Gold got hammered on Friday as we had initially tried to rally during the day, but it looks as if we are struggling to break out of a significant consolidation area.

The Bitcoin market fell a bit on Friday before turning around and forming a bit of a hammer.