Forex Daily Forecast, Analysis and Prediction

Bitcoin achieved a new 1-month high price near $40k.

After hitting a high last week within sight of the 1.37000 level, the USD/SGD has produced an incremental move lower.

ETH/USD has demonstrated a strong reversal which gained pace over the weekend, and the cryptocurrency is trading within sight of one-month highs.

The pair is more bullish above 1.3800.

The CAC Index recovered quite drastically during the last several sessions, with Friday closing at the absolute highs.

The DAX Index rallied significantly during the trading session on Friday to recapture the previous uptrend line that had been broken below.

Traders were willing to hang on to their positions heading into the weekend, which is a sign of confidence.

The US dollar rallied a bit during the trading session on Friday as the market has used the 200-day EMA as a bit of a magnet for price.

Bitcoin markets rallied just a bit during the trading session on Friday but gave back the gains to form a less-than-impressive candlestick.

The euro fluctuated during the trading session on Friday as we continue to see this market slide down a falling wedge.

The British pound initially fell during trading on Friday to reach down towards the 1.37 level.

Gold markets fell significantly during the trading session on Friday only to turn around and bounce enough to form a hammer again.

It looks as if the market is going to continue to go higher, as we are most clearly showing yet another surge in strength.

The S&P 500 rallied yet again during the trading session on Friday as we closed right around the 4400 level.

The AUD/USD was little changed in early trading as Australia continued its battle against the new wave of the virus.