Forex Daily Forecast, Analysis and Prediction

Gold markets initially tried to rally on Friday but gave back some of the gains to dip just below the $1850 level.

The Ethereum market rallied quite significantly on Friday, as the $4000 level has offered enough support to turn things back around.

The DAX Index broke down a bit on Friday to reach down towards the €16,100 level before turning around and showing signs of life.

The S&P 500 went back and forth on Friday, essentially going nowhere.

The NASDAQ 100 rallied a bit on Friday, heading into the weekend on a good foot.

Bitcoin initially fell on Friday, piercing the 50-day EMA.

The GBP/USD pair has been in a tight range in the past few weeks as investors reflect on the potential convergence between the Fed and the Bank of England (BOE).

The AUD/USD tumbled to the lowest level since October this year as concerns of a relatively hawkish Federal Reserve remained.

The EUR/USD pair tumbled to the lowest level in more than a year as the US dollar continued its bullish momentum.

Start the week of November 22, 2021 with our Forex forecast focusing on major currency pairs here.

The West Texas Intermediate Crude Oil market has broken down a bit on Thursday but has seen a bit of buying pressure to test the 50 day EMA.

The US dollar has rallied initially during the trading session on Thursday but looks to be running out of momentum just above the 1.26 level.

The Parisian index initially tried to rally during the trading session on Thursday but has given up gains as we approached the €7200 level.

The NASDAQ 100 has rallied significantly during the trading session on Thursday to make all-time highs yet again.

The S&P 500 has pulled back a bit on Thursday to show signs of weakness but found enough support at 4665 to turn things around.