Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair has dropped for the fourth consecutive day as traders refocus on the stronger US dollar and low Treasury yields.

The BTC/USD rally accelerated in the overnight session as opportunistic investors rushed to buy the dip.

BBNB/USD experienced a strong speculative month in February, and as March begins, its results will be a good barometer of the broad cryptocurrency market.

The important long-term bearish trend is being challenged.

The past five days of trading have seen resistance levels incrementally lower for Binance Coin as the broad cryptocurrency market has grown cautious.

The USD/MXN has seen a sincere short-term bullish trend develop since the middle of February; speculators may be contemplating its end.

The USD/SGD has seen a short-term bullish move higher, and this opens the door for speculators who may want to look for reversals.

ETH/USD has created a downward path the past week of trading, but this happened after achieving record highs.

Gold collapsed during last week's trading, breaking through the $1800 support level, which triggered profit-taking.

The GBP/USD lost all its upside correction gains during last week's trading, which had hit the 1.4240 resistance level, the highest in three years.

The USD/JPY corrected to the upside last week with gains reaching the 106.70 resistance level before settling around 106.53 at the beginning of trading on Monday.

After trying to correct upwards for six trading sessions in a row, the EUR/USD's rebound gains did not exceed the 1.2243 resistance level.

The DAX index gapped lower to kick off the trading session on Friday, right before we crashed into the uptrend line that I have drawn on the chart.

Gold markets have broken down significantly during the trading session on Friday, slicing through the $1750 level.

The Australian dollar initially started falling during the trading session on Friday and did not bother looking back.