Forex Daily Forecast, Analysis and Prediction

BNBB/USD continues to demonstrate the ability to produce a rather steady price range and is now challenging important resistance.

Pivotal points at 0.7614 and 0.7668.

The continued strength of the US dollar, supported by the pace of vaccinations and stimulus plans, contributed to bearish pressure of gold prices, which reached the support level of $1704, a 2-week low.

The price of the USD/JPY is now testing the 110.00 psychological resistance, the highest for the currency pair in a year.

The EUR/USD has stabilized around the 1.1760 support level, the lowest in four months, as of this writing.

The UK's gradual loosening of COVID-19 restrictions contributed to a cautious recovery of the GBP/USD.

ETH/USD has accomplished a steep ride upwards and is again touching important higher values as it proves to be a speculative adventure.

New 4-month low prices continue.

The GBP/USD pair declined sharply yesterday as US bond yields continued to rise.

The BTC/USD bounced back even as US Treasury yields rose, pushing the greenback higher.

The NASDAQ 100 initially fell during the trading session on Monday, as a lot of traders continue to buy dips going forward.

The US dollar has initially tried to rally during the course of the trading session on Monday but give back the gains as we reached towards the 50 day EMA.

The FTSE 100 initially fell after gapping higher on Monday but found plenty of support underneath the turn around and form a bit of a bullish candlestick.

Crude oil turned around as rumors crept into the market that the Russians are looking to continue production cuts, thereby adding more upward pressure on the market in general.

The S&P 500 initially pulled back during the trading session on Monday as people were worried about the fund that blew up on Friday.