Forex Daily Forecast, Analysis and Prediction

The British pound pulled back a bit during the trading session on Monday but has turned around to show signs of strength yet again.

The FTSE 100 gapped higher to kick off the trading session on Monday to reach towards the recent highs but gave back some of the gains.

The NASDAQ 100 rallied again during the trading session on Friday as it typically does.

The S&P 500 continued to rally during the trading session on Monday, breaking towards the 3900 level.

Bitcoin has broken out during the trading session on Monday, clearing the $40,000 level rather quickly.

The gold markets recaptured the 200-day EMA during the trading session on Monday to kick off the week on a positive note.

The price may now be close to running out of room to rise as it approaches a confluence of resistance at 1.2100.

The Australian dollar had a bullish session on Friday, but on Monday we saw an extension of that move.

The US dollar initially tried to rally on Monday but then fell again as crude oil markets rallied.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Friday, as we have now cleared the $57.50 level.

The Bitcoin price (BTC/USD) soared to a record high of $47,405 after positive events from Tesla.

The GBP/USD price broke out in the American session helped by the overall weak US dollar after the Tesla Bitcoin announcement.

DOGE/USD is a top ten-ranked cryptocurrency according to market volume trading values.

The USD/BRL is trading within proximity of short-term lows, but traders should not be fooled into thinking there is a certainty that the Forex pair is going to break through support levels.

The USD/ZAR is traversing below the 15.00000 juncture and has produced incrementally lower resistance junctures the past week of trading.