Forex Daily Forecast, Analysis and Prediction

Traders went wild with the assumption that adoption will drive prices higher.

The euro fell a bit during the trading session on Monday only to turn around and rally towards the top of the wedge.

The British pound rallied a bit during the trading session on Monday to break the recent resistance and clear the 1.38 handle.

The GBP/USD rose to the highest level in more than a week ahead of the latest US consumer confidence data and Federal Reserve interest rate decision.

The BTC/USD retreated in the evening session after it rose to a six-week high on Monday.

The continued flight of investors from risk amid fears of the rapid spread of the Corona Delta variable, which threatens the global openness, contributed to a continuous downward pressure for the EUR/USD currency pair.

Throughout the week's trading, gold futures are trying to stay above the psychological resistance level of $1800 an ounce.

During the last three trading sessions of the GBP/USD currency pair, it succeeded in compensating some of its losses, which reached the 1.3572 support level, its lowest in five months.

US Dollar and the Yen strength was negatively affected by raising fears of the rapid spread of the Corona Delta variable in sports delegations,

Proving once again that trading the USD/TRY is not for the weak of heart, the Forex pair has seen a volatile move higher in early market action this morning.

The USD/ZAR is within sight of the 15.00000 juncture in early trading as the Forex pair has sustained its higher price range.

Bitcoin achieved a new 1-month high price near $40k.

After hitting a high last week within sight of the 1.37000 level, the USD/SGD has produced an incremental move lower.

ETH/USD has demonstrated a strong reversal which gained pace over the weekend, and the cryptocurrency is trading within sight of one-month highs.

The pair is more bullish above 1.3800.