Forex Daily Forecast, Analysis and Prediction

The continuous and robust economic stimulus plans by the US administration allowed the US dollar to reap more gains against the other major currencies.

The EUR/USD has been dominated by a bearish outlook for several trading sessions in a row, stabilizing around the 4-month low support level of 1.1704.

UNI/USD continues to display a dynamic speculative technical ability and its current value is testing important one-week resistance.

There is still room for the price to fall to 0.7500.

In the past week of trading, ADA/USD has proven it has the ability to reignite speculative buying and is now signaling another potential push higher.

Bears should beware of a supportive cluster below 1.1700.

USDT/USD may offer speculators opportunities to trade based on broad cryptocurrency optimism which is being generated in the market.

ETH/USD is battling technical highs as the price of the cryptocurrency comes within vicinity of record values.

The GBP/USD declined for the first month in six months in March as the market focused on the higher US bond yields and the stronger dollar.

The BTC/USD price is little changed as investors reflect on the successes and pitfalls of the first quarter.

The Euro initially tried to rally during the trading session on Wednesday but gave back the gains to form a bit of an inverted hammer.

The DAX has rallied again during the trading session on Wednesday, as we are now above the 15,000 level.

At the end of the day on Wednesday, the market did try to break out to the upside but gave back the gains to sit in the same general vicinity that we have been in over the last week.

The FTSE 100 has pulled back a bit during the trading session on Wednesday to show signs of choppy behavior yet again.

The NASDAQ 100 has rallied significantly during the trading session on Wednesday to break above the 50 day EMA, ending the first quarter on a strong note