Forex Daily Forecast, Analysis and Prediction

DOT/USD has produced short-term highs, and following the Christmas weekend is now banging up against values not seen since early December.

Support at $49,576 looks very pivotal.

The US dollar fell a bit on Friday to test a major trend line.

The West Texas Intermediate Crude Oil market rallied on Friday to capture the 50-day EMA.

The US dollar rallied ever so slightly on Friday against the Canadian dollar but did give back quite a bit of the gains to form an inverted hammer.

The South African rand strengthened a bit against the US dollar on Friday, as we are now in that area I was recently talking about.

The US dollar rallied a bit on Friday but gave back the gains to form an inverted hammer.

If you have been following me here at DailyForex as of late, you know the thing that I wanted to see was Bitcoin taking out the $51,000 level.

The Ethereum market has been recovering over the last couple of weeks, and even breached above the $4100 level during the Friday session.

Over the last couple of weeks, Litecoin has been on my radar.

Gold markets dropped a bit to kick off the Friday session only to turn around and show signs of strength yet again.

Silver markets have had a couple of good sessions, as we are now hanging about the $22.94 level.

The EUR/USD pair is in a tight range in a low-volume trading environment.

The AUD/USD pair is hovering near its highest level since November 24th as investors reflect on last week’s strong data from the US and the rising number of Covid cases in China and Australia.

The GBP/USD price has been in a tight range in the past few days as investors focus on the ongoing Omicron pandemic.