Forex Daily Forecast, Analysis and Prediction

The price has room to rise beyond $42k without hitting key resistance.

The euro initially tried to rally during the trading session on Friday but found that the 1.22 handle would be a bit difficult to get above, and as a result, we have pulled back rather drastically to fall all the way down to the 1.21 handle.

The market is likely to see a lot of push and pull as we continue to look at the consolidation area as the short-term market.

Bitcoin markets did very little during the trading session on Friday, as the market headed into the weekend and lower liquidity.

It is obvious that the market is trying to show its strength by hanging about near the all-time highs.

The NASDAQ 100 did very little during trading on Friday, but that is probably not a huge surprise as traders headed into the weekend and thinking about summer holiday more than putting money to work.

The price is sitting heavy near 1.4100 level.

The DAX market rallied significantly during the trading session on Friday to end the week at the very top of the range, closing just above the 15,700 level.

The West Texas Intermediate Crude Oil market rallied again during the day on Friday as traders were very comfortable hanging onto crude oil heading into the weekend, and even closed towards the top of the range.

The gold markets fell pretty significantly during the trading session on Friday as we continue to see a lot of noisy behavior and a bit of hesitation to go forward.

In general, the Australian dollar has been miserable to trade as of late, and I do not necessarily think that is going to change in the short term.

The FTSE 100 rallied significantly during the trading session on Friday, closing towards the top of the range before the weekend.

The EUR/USD price was little changed in early trading as investors started to refocus on the Federal Reserve after the impressive inflation data published last week.

The AUD/USD remained in a tight range on Monday as the Australian markets remained closed for the queen's birthday.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of June 14, 2021.