Forex Daily Forecast, Analysis and Prediction

Bitcoin markets are now officially parabolic, and it is an extraordinarily difficult market to get involved in.

The US dollar was broken down significantly during the course of the session on Tuesday, reaching down towards the ¥104 level.

Aussie remains strong after RBA minutes.

Similar to last week's trading, the EUR/USD pair moved in the same upward correction range at the beginning of this week’s trading, as it remained stable around the 1.1868 resistance at the time of writing.

The GBP/USD currency pair maintained its upward momentum that recently pushed it towards the 1.3242 resistance at the beginning of this week's trading.

For a short time, gold prices tested the psychological resistance at $1900 at the beginning of this week's trading, before it quickly fell to the support at $1865 an ounce again.

The USD/JPY downward momentum performance continued for the third day in a row, even amid positive announcements about the successes of COVID-19 vaccines.

Whipsaw trading conditions continue to make the USD/BRL difficult for some short-term speculators.

The past few days within the USD/ZAR have produced a choppy, yet consolidated range for the USD/ZAR.

The USD/INR remains locked within the higher range of its short-term value and it is near interesting resistance which looks suspicious.

The USD/SGD is challenging support levels not fully tested since 2018.

The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Monday, but gave back the early gains to continue to show lack of momentum.

The euro fluctuated during the trading session on Monday, showing just how little excitement there is for owning the euro.

The British pound initially tried to rally during the trading session on Monday but gave back the gains above the 1.3250 level to form a less than attractive candlestick.

The NASDAQ 100 has fluctuated during the trading session on Monday to show signs of volatility again.