Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market pulled back just a bit on Friday as we continue to build up a little bit of a base at this point.

The US dollar initially pulled back a bit against the Norwegian krone on Friday but found the 200-day EMA to be supportive enough to turn things around and go higher.

Bitcoin initially fell on Friday to break down below the $64,000 level, but we have turned around to form a bit of a hammer.

The NASDAQ 100 rallied significantly on Friday and closed towards the top of the range as it shows a proclivity to continue going higher.

The S&P 500 rallied a bit on Friday, breaking above the highs of the previous session.

The euro went back and forth on Friday to show a bit of hesitation down at the 1.1440 level.

The price has made a bullish recovery from $62,250.

The GBP/USD pair is holding steady even as Brexit risks rise and as traders wait for major economic numbers from the UK.

The EUR/USD price is hovering near its lowest level since July 2020 as investors reflect on the rising American inflation and the potential for a tighter global tightening process.

The AUD/USD pair was relatively unchanged on Monday morning even as tensions between Australia and China rose.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of November 15, 2021.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 15, 2021 here.

Start the week of November 15, 2021 with our Forex forecast focusing on major currency pairs here.

The gold markets have rallied significantly on Thursday as we continue to see gold markets race higher due to the idea of fighting inflation.

The US dollar has initially tried to rally during the course of the trading session on Thursday before pulling back midday.