Forex Daily Forecast, Analysis and Prediction

The FTSE 100 has fallen significantly on Friday, only to turn around and show signs of life again.

The NASDAQ 100 initially pulled back a bit on Friday, but as you can see, we rallied to reach towards the 15,844 handle.

The S&P 500 rallied on Friday to close just below the 4600 level.

The gold markets broke down significantly on Friday, crashing rather hard early in the day.

The Australian dollar fell a bit on Friday, reaching down towards the crucial 0.75 level.

The Bitcoin market pulled back just a bit on Friday but found the $60,000 level to be supportive enough to keep the momentum to the upside.

The British pound fell rather hard on Friday to break through the 1.37 handle.

The euro started out the session on Friday at the 50-day EMA, but then turned around to break down rather significantly and slice through the 1.16 level.

The EUR/USD pair is struggling as the market reflected on the relatively strong American inflation data published on Friday.

The AUD/USD remained started the month calmly as investors reacted to the relatively weak Chinese manufacturing data.

The GBP/USD made a major bearish breakout on Friday after the US published strong inflation and consumer spending data.

ADA/USD appears ready to begin November trading with a rather perplexing bearish trend continuing to be demonstrated.

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of November 1, 2021.

XRP/USD produced rather efficient percent changes for traders in October, but the cryptocurrency continues to languish within its mid-term range.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 1, 2021 here.