Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market fell a bit on Friday as traders started focus on New Year’s Eve and all of the weekend’s festivities.

Silver markets rallied significantly on Friday to close out the year on the right foot, as we have closed significantly above the 50-day EMA.

Gold markets broke above the crucial $1820 level on Friday to end the year on a very good note.

The US dollar initially tried to rally on Friday but pulled back from the crucial 16 rand level.

The US dollar initially plunged on Friday as it continued to lose ground against the Mexican peso.

Bitcoin initially rallied on Friday but gave back the gains in order to form up an inverted hammer, which could give us a little bit of a clue as to what is about to happen.

The US dollar fell on Friday as we continue to plunge to the bottom of what has been a major uptrending channel against the Swiss franc.

The S&P 500 pulled back in a shortened session on Friday as we continue to see a line of choppy behavior in the face of a serious lack of liquidity.

The AUD/USD pair tilted lower on Monday as concerns about the Covid-19 pandemic in Australia rose.

The EUR/USD pair drifted upwards on the first trading day of the year.

The BTC/USD pair had a sluggish start of the year as the demand for Bitcoin remained low.

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