Forex Daily Forecast, Analysis and Prediction

The Australian dollar rallied initially on Friday to break above the 200-day EMA, but in the end only turned around to show signs of hesitation.

Bitcoin rallied rather significantly on Friday to break above the $60,000 level.

The euro rallied significantly on Friday but gave back the gains to turn around and form a shooting star again.

The British pound rallied significantly on Friday only to slam into a major downtrend line.

The price is likely to rise further if the US dollar weakens.

The AUD/USD pair rose to the highest level since September 7 as investors focused on the ongoing Australian economy reopening and the rising commodity prices.

The EUR/USD pair held steady in early trading as the market continued to reflect on the strong US retail sales and weak consumer sentiment data.

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The CAC in Paris has rallied after gapping higher on Thursday to slam into a significant resistance barrier at the 6700 level.

The West Texas Intermediate Crude Oil market has shown itself to be positive again as we have broken above the $81.40 level.

The US dollar has fallen again against the Norwegian krone during trading on Thursday as the oil market continues to push the “Noki” even higher.

The S&P 500 rallied quite significantly to reach much higher during the trading session on Thursday.

The NASDAQ 100 has rallied quite significantly during the trading session on Thursday to show signs of life again.