Forex Daily Forecast, Analysis and Prediction

The price of gold has begun February by settling around the $1847 level, continuing its bearish trend.

At the end of last week's trading, the GBP/USD pair tested the 1.3758 resistance level after optimism about Britain's employment data and vaccination progress.

Prior to the closing of last week’s trading, the Japanese yen fell against the rest of the other major currencies.

The bearish performance of the EUR/USD pushed the pair to the 1.2058 support level last week, but cut its losses and closed the week’s trading around the 1.2135 level after trying to rebound to the 1.2160 resistance.

Traders taking a look at silver for the first time today may have been surprised to see a sudden spike higher in the commodity on their charts.

ETH/USD has experienced a whirlwind of value the past week.

The USD/BRL continues to challenge speculators, but recent trading has now brought the Forex pair within proximity of important resistance.

The USD/INR opened this morning with a swift movement downward testing the lower realm of its nearby support within the 72.800 level.

Redditors have been turning attention to cryptocurrencies, causing spikes.

The euro continues to fluctuate overall, as we are simply riding along the 50-day EMA.

The British pound fluctuated during the trading session on Friday again as we continue to see the markets show extreme volatility.

The DAX Index fell during the trading session on Friday to reach down below the 50-day EMA again, and also to test the uptrend line that is currently sitting just below.

The S&P 500 fell a bit during the trading session to reach down towards the 50-day EMA.

The NASDAQ 100 fell rather hard during the trading session on Friday to test a major trendline.

The British pound is a relatively strong currency.