Forex Daily Forecast, Analysis and Prediction

The British pound broke down significantly during the trading session on Friday to slice below the 50-day EMA.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 14, 2020.

Start the week of December 14, 2020 with our Forex forecast focusing on major currency pairs here.

Start the week of December 14 with our Forex forecast focusing on major currency pairs here.

Brazil remains the third-most infected country with COVID-19 with the second-highest death toll.

Despite having the fourth-highest COVID-19 death toll and being the thirteenth most infected country, Mexico opted against restrictions.

The euro has continued to show signs of strength during the trading session on Thursday as there was a European Central Bank meeting and announcement.

The British pound fell significantly during the trading session on Thursday to reach down towards the 1.3250 level.

The Bitcoin market fell during the trading session on Thursday as we reached towards the $18,000 level.

The NASDAQ 100 initially fell during the course of the trading session on Thursday to break down below the 12,400 level.

The S&P 500 fell during the trading session on Thursday but turned around to recoup most of the losses.

Gold markets fluctuated during the trading session on Thursday but did not make a huge move.

The silver markets fluctuated during the trading session on Thursday as we continue to see a lot of back and forth.

The West Texas Intermediate Crude Oil market rallied during the trading session on Thursday in order to express its hope on more stimulus.

The US dollar rallied initially during the trading session on Thursday, reaching towards the 50-day EMA.