Forex Daily Forecast, Analysis and Prediction

Before going into the New Year’s holiday, silver traversed a quiet path near support levels which were intriguing.

The USD/MXN continues to traverse near critical support.The USD/MXN continues to traverse near critical support.

The USD/JPY has endured a long bearish trend and its value today is hovering above critical support levels.

The USD/INR has bounced off of low water marks and reversed higher short term, but the Forex pair has not steered too far away from support levels, which are still acting as legitimate targets.

At this point, the market is likely to see a bit of relief if we do get a certain amount of stalemate in the US government, which of course would be the case if the Republicans can continue to hang on to the Senate.

The South African rand lost quite a bit of strength during the trading session on Tuesday to reach towards the 15.00 level.

The euro rallied again during the trading session on Tuesday, as the 1.23 level continues to cause a significant amount of pressure.

The British pound rallied a bit during the trading session on Tuesday to break above the 1.36 handle.

The NASDAQ 100 bounced a bit during the trading session on Tuesday as the uptrend line held.

The price of gold had a good start to 2021 after posting its best annual gain in a decade.

Despite the USD's weakness and global coronavirus concerns, the GBP/USD pair is trying to resume its rise, stabilizing around the 1.3646 level.

The US dollar is still suffering from low risk appetite, as investors await the release of US unemployment numbers and the minutes from the recent meeting of the Federal Reserve.

For five trading sessions in a row, the EUR/USD pair tried to stabilize above the 1.2300 resistance.

Bitcoin bounces back.

Price makes new long-term highs during Asian session.