Forex Daily Forecast, Analysis and Prediction

The euro initially tried to rally on Friday but gave back the gains to show a less-than-desirable finish for the week.

The Canadian dollar has underperformed as of late, despite the fact that we have seen stable oil prices.

The British pound initially tried to go higher on Friday, breaking above a significant downtrend.

The Bitcoin market was relatively quiet during the Friday session as we continue to hang around the 50-day moving average.

The Australian dollar initially tried to rally on Friday but gave back the gains rather rapidly.

The key support at $43,836 is looking very significant.

Today’s pivotal point will likely be at 1.3808.

The EUR/USD pair is at a key support level ahead of the key US Consumer Price Index (CPI) data and as the Eurozone economic rebound accelerates.

The AUD/USD price remained under pressure in early trading as Australia continued making progress in handling the new COVID wave.

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The FTSE 100 broke below the recent support level rather rapidly during the trading session on Thursday, to crash into the 7000 handle.

The Parisian index initially tried to rally during the trading session on Thursday but then turned around to fall again.

The West Texas Intermediate Crude Oil market has pulled back from a downtrend line that has been so important over the last several months.