Forex Daily Forecast, Analysis and Prediction

The US dollar rallied a bit during the trading session on Friday as the market has used the 200-day EMA as a bit of a magnet for price.

Bitcoin markets rallied just a bit during the trading session on Friday but gave back the gains to form a less-than-impressive candlestick.

The euro fluctuated during the trading session on Friday as we continue to see this market slide down a falling wedge.

The British pound initially fell during trading on Friday to reach down towards the 1.37 level.

Gold markets fell significantly during the trading session on Friday only to turn around and bounce enough to form a hammer again.

It looks as if the market is going to continue to go higher, as we are most clearly showing yet another surge in strength.

The S&P 500 rallied yet again during the trading session on Friday as we closed right around the 4400 level.

The AUD/USD was little changed in early trading as Australia continued its battle against the new wave of the virus.

The EUR/USD price was little changed in early trading as investors refocus on the upcoming Federal Reserve interest rate decision.

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The Euro has gone back and forth on Thursday as we continue to trade in a falling wedge, which of course is actually a bullish signal.

The British pound has rallied significantly on Thursday as we are well above the 200 day EMA now, and looking very likely to continue strengthen.

The Australian dollar rallied a bit during the course of the trading session on Thursday to reach towards the 0.74 level.