Forex Daily Forecast, Analysis and Prediction

The Bitcoin market rallied a bit on Monday but struggled with the $60,000 level.

The euro continued to slide quite a bit lower during the trading session on Monday as we have broken below the 1.1250 level.

The British pound fell again on Monday to slice back through the 1.34 level.

The GBP/USD pair made a bearish breakout after the relatively strong US existing home sales data and after Biden announced his Fed Chair pick.

The BTC/USD price remained under pressure as investors focused on demand.

The EUR/USD pair tumbled in the overnight session as investors reflected on the Jerome Powell reappointment.

The USD/ARS continues to climb an upwards path and the Forex pair is comfortably above the 100.000 official exchange rate.

The USD/INR has maintained a rather polite price range the past handful of days, but it has provided traders an opportunity to take advantage of support and resistance levels.

The US dollar recovered with the end of last week's trading, leading to the selling of gold, which moved to the $1843 support level before closing around $1846.

Since last week, there have been sell-offs in the USD/JPY amid the return of an appetite for safe havens, including the Japanese yen.

The British pound is entering the new week with supportive momentum after it gained distinction among the top performing major currencies last week.

Europe's face-off with COVID infections will continue to hurt the Eurozone economy, which is facing other crises like in energy and global supply chains.

Break below $55k would be another bearish signal.

The West Texas Intermediate Crude Oil market initially rallied a bit on Friday but then rolled over to show signs of weakness.

The US dollar rallied on Friday to break above the top of the shooting star from Thursday.