Forex Daily Forecast, Analysis and Prediction

During last week’s trading, gold's attempts to rebound higher after the price collapsed to the support level of $1677, a 9-month low, were weak.

The GBP/USD pair is nearing the lower line of the ascending channel amid profit-taking, with the recovery of the US dollar reaching the support level of 1.3777, a 2-month low.

Throughout last week’s trading, the USD/JPY maintained its gains near and above the 109.00 resistance, closing the week's trading steadily near it.

The bullish rebound attempts of the EUR/USD pair during last week’s trading did not breach the psychological resistance of 1.2000 and closed trading steady around 1.1951.

Resistance at $58,426 back in play.

The EUR/USD price is little changed as investors continue to reflect on the recent stimulus deal and inflation data.

The AUD/USD pair is in a tight range after the relatively strong economic data from China.

Clear, pivotal support and resistance levels nearby.

The Bitcoin market initially pulled back during the course of the trading session on Friday, but just as we had seen during the day on Thursday, buyers came in to turn things right back around and show strength.

The EUR/USD continues to see the 1.19 level as a place where there would be buyers jumping in.

The S&P 500 has gone back and forth during the trading session on Friday, as we are hanging just above the 3900 level.

The British pound has fallen most of the trading session on Friday but continues to see support at the uptrend line that makes up the bottom of the up trending channel.

The NASDAQ 100 has been noisy all day on Friday as we are trying to figure out where we are going next.

The Australian dollar has initially pulled back during the trading session on Friday but has turned around to show signs of life again.

The US dollar initially tried to rally against the Loonie during the trading session on Friday but has given back a significant amount of momentum to turn back around