Forex Daily Forecast, Analysis and Prediction

The Australian dollar rallied a bit during the course of the Friday session, reaching above the 0.76 handle.

The Bitcoin market dropped a bit during the trading session on Friday, only to turn around and bounce from the $50,000 level.

The AUD/USD price is under pressure as investors turn to the safety of the greenback and as commodity prices struggle.

The EUR/USD price is in a tight range as the market watches the crisis at the Suez Canal and the rush to safety following last Friday’s sell-off in some stocks.

Start the week of March 29, 2021 with our Forex forecast focusing on major currency pairs here.

Success in Forex trading is highly dependent upon which currency pairs you choose to trade each week and in which direction, and less so on the exact trading methods you use to determine trade entries and exits.

The US dollar initially fell during the trading session on Thursday only to turn around and show signs of life again.

Bitcoin markets fell during the trading session on Thursday to reach all the way down towards the $50,000 level.

The Australian dollar has rallied somewhat during the trading session on Thursday to run into resistance near the 0.76 handle.

The West Texas Intermediate Crude Oil market has fallen again during the trading session on Thursday to reach down below the 50 day EMA.

Gold markets initially tried to rally on Thursday but gave back the gains later in the day to form a less than ideal candlestick.

The Euro continues to struggle overall as we have seen a lot of US dollar positivity.

The British pound recovered quite nicely during the trading session on Thursday to reach towards the 1.3750 level, an area that previously had been supported.

The FTSE 100 has fallen a bit during the trading session on Thursday to reach down below the 6600 level for the first time in several weeks.

The NASDAQ 100 pulled back significantly during the course of the trading session on Thursday to reach towards a major uptrend line underneath.