Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair declined sharply as the US Dollar Index jumped on the first trading day of the year.

The BTC/USD pair remained under pressure in the evening session even as the Bitcoin hashrate surged to an all-time high.

The price of an ounce of gold ended the 2021 trading year, stable above the psychological resistance level of 1800 dollars, and down to the resistance level of 1829 dollars an ounce.

Britain’s progress over the rest of the global economies in the vaccination pace against the pandemic has always been a good reason for the value of the pound to rise strongly against the rest of the other major currencies.

On different days in January 2021, the price of the euro currency pair against the dollar, (EUR/USD) jumped to the vicinity of the resistance 1.2350, its highest since April of the year 2018.

The US dollar retained its annual top ten major currencies during the last trading day of 2021 after a comeback.

BNB/USD is trading within sight of important support, even though it managed to stage a slight reversal higher in the past day of trading.

In early trading this morning, ETH/USD has climbed slightly higher, and the move could spark speculative trading that could prove to be rather risk-filled.

The NASDAQ 100 drifted a little bit lower on Friday to reach down towards the 16,385 level.

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.