Forex Daily Forecast, Analysis and Prediction

The Australian dollar initially pulled back during the trading session on Friday but turned around to show signs of bullish pressure yet again.

Although bullish, Bitcoin has struggled with the $50,000 level.

The British pound initially fell during the trading session on Friday, reaching down towards the 1.3750 level again.

The euro fell a bit during the trading session on Friday to reach down towards the 50-day EMA.

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The NASDAQ 100 has been relatively quiet during the trading session, but it is worth noting that towards the end of the day the buyers came in and picked it up.

The German index rallied just a bit during the trading session on Thursday as we have recaptured the 14,000 level yet again.

The Aussie dollar rallied a bit during the trading session on Thursday, to break above the top of the shooting star from the previous session.

The Euro rallied initially during the trading session on Thursday but gave back the gains in order to form a bit of a shooting star.

The British pound rallied a bit again during the trading session on Thursday but continues to find headwinds just above.

The West Texas Intermediate Crude Oil market has pulled back a bit during the trading session on Thursday, as OPEC has delayed its timeline of recovery for 2021 during the session.

The Bitcoin market rallied during the trading session again on Thursday after initially dropping a bit.

The US dollar/Canadian dollar pair has been sideways during most of the trading session on Thursday, which makes quite a bit of sense considering that the oil markets were relatively quiet as well.