Forex Daily Forecast, Analysis and Prediction

Silver was closed during the Friday session, but when we look at the Thursday candlestick, it's obvious that there is a lot of bullish pressure.

The euro has gone back and forth during the trading session on Friday.

The British pound has gone back and forth during the trading session on Friday.

Bitcoin was quiet during the trading session on Friday, which of course is not a huge surprise.

The Australian dollar has gone back and forth during the trading session on Friday.

The EUR/USD exchange rate rose slightly after last Friday’s US inflation gauge.

Bitcoin price remained in a tight range on Monday morning as the countdown to the halving event continued.

The AUD/USD was little changed on Monday as Australia’s markets remained shut for the Easter holiday.

Much will depend on whether US Dollar Index can break resistance.

Poor Sentiment and Interest Rate Trade Correlations.

Test of Lows Hits by Move to Momentary Record Highs.

Choppy Trading Correlations as Nervousness Abounds.

Risky assets remain bullish despite a minor bid in the US Dollar, with commodity markets seeing the most interesting developments as Gold and Cocoa power to record high prices.

Traders expecting a sudden wave of buying to emerge in the GBP/USD and for the 1.27000 level to become a safe haven for the currency pair had their hopes crushed again the past week.

Crude Oil gathered force and reversed higher on Wednesday after hitting lows around the 80.330 ratio on earlier in the day.