Forex Daily Forecast, Analysis and Prediction

India became the second country behind the US to surpass 7,000,000 Covid-19 cases, with the US set to breach the 8,000,000 level today.

Gold markets have rallied significantly during the trading session on Friday, breaking above the 50 day EMA.

The S&P 500 has broken out during the trading session on Friday, as the stimulus has taken over the thought process of Wall Street.

The Bitcoin markets rallied a bit during the trading session on Friday, breaking above the 11,000 level.

Silver markets have broken to the upside during the trading session on Friday, clearing the 50 day EMA which is a strong technical signal.

The NASDAQ 100 has broken out during the trading session on Friday as stimulus continues to be a major factor when it comes to markets.

AUD/USD: Weak U.S. Dollar

The US dollar has fallen a bit during the trading session on Friday, breaking below the 50 day EMA.

The West Texas Intermediate Crude Oil market has pulled back a bit from the 200 day EMA during the trading session on Friday as we continue to focus on stimulus only.

The British pound has rallied significantly during the trading session on Friday, breaking cleanly above the 1.30 level and it is now closing towards the top of the range.

USD/JPY: Pivotal point likely at 105.40 or 105.23

The Australian dollar has rallied significantly during the trading session on Friday, as we continue to see a lot of noise out there based upon the idea of the stimulus.

The Euro shot higher during the trading session on Friday, as we continue to trade based upon the idea of the stimulus.

BTC/USD: Yet $11,460 resistance holding firm

GBP/USD: Slow medium-term bullish trend