Forex Daily Forecast, Analysis and Prediction

The Australian dollar rallied to break above the top of the hammer from the Friday session on Monday, showing signs of continued strength.

Bitcoin initially pulled back just a bit on Monday but found $60,000 to be supportive.

The S&P 500 has shown itself to be bullish yet again on Monday, but I am a bit concerned about the overall attitude of the market as it has been straight up in the air for a while.

The NASDAQ 100 pulled back just a bit on Monday after forming the shooting star during the day on Friday.

The GBP/USD pair jumped to the highest level since Thursday last week as concerns about inflation in the UK rose.

The EUR/USD pair held steady on Monday even as the number of COVID-19 cases in Europe jumped.

The BTC/USD price approached its all-time high as demand for cryptocurrencies rebounded.

For the third day in a row, gold futures contracts continue to rise, especially with the breach of the psychological resistance of $1800.

The US dollar declined at the end of last week's trading as confidence in the financial markets affected the international reserve currency.

The disappointment that the Bank of England did not announce its monetary policy tightening last week continues to put pressure on all GBP pairs without exception.

The EUR/USD suffered last week as it fell to the 1.1513 support level, the lowest in more than 15 months, and settled around 1.1563 at the beginning of this week's trading.

The price is within a symmetrical ascending price channel.

The euro initially fell on Friday but recovered after the jobs figure.

The British pound initially fell rather hard on Friday to reach down towards the 1.3450 handle before turning around and showing signs of strength.

The West Texas Intermediate Crude Oil market rallied a bit on Friday to recover quite nicely heading into the weekend.