Forex Daily Forecast, Analysis and Prediction

The DAX Index rallied on Friday to break above the 50-day EMA solidly, and more importantly to break above a major downtrend line.

The NASDAQ 100 rallied again on Friday as traders were willing to go into the weekend long.

The S&P 500 broke to the upside on Friday to clear the highs of the Thursday session.

Gold markets got absolutely hammered to end the week on the back foot.

The Australian dollar rallied initially on Friday to break above the 200-day EMA, but in the end only turned around to show signs of hesitation.

Bitcoin rallied rather significantly on Friday to break above the $60,000 level.

The euro rallied significantly on Friday but gave back the gains to turn around and form a shooting star again.

The British pound rallied significantly on Friday only to slam into a major downtrend line.

The price is likely to rise further if the US dollar weakens.

The AUD/USD pair rose to the highest level since September 7 as investors focused on the ongoing Australian economy reopening and the rising commodity prices.

The EUR/USD pair held steady in early trading as the market continued to reflect on the strong US retail sales and weak consumer sentiment data.

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The CAC in Paris has rallied after gapping higher on Thursday to slam into a significant resistance barrier at the 6700 level.