Forex Daily Forecast, Analysis and Prediction

The Bitcoin market pulled back a bit on Friday as we continue to see more “risk off” behavior around the world.

The British pound fell a bit on Friday as we continue to see plenty of downward momentum.

The euro initially fell on Friday, but the jobs number came out much lower than anticipated, sending the US dollar falling.

The GBP/USD pair is hovering near its lowest level since December 2020 as investors weigh the next actions by the Bank of England (BOE) and the Federal Reserve.

The EUR/USD pair wavered on Monday morning as the market continued to react to the latest American jobs numbers.

The AUD/USD pair crashed to the lowest level since July 2020 as investors wait for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).

Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of December 6, 2021.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 6, 2021 here.

Start the week of December 6, 2021 with our Forex forecast focusing on major currency pairs here.

The NASDAQ 100 fell during trading initially on Thursday, only to turn around and show signs of strength again.

The Ethereum market initially tried to rally during the trading session on Thursday only to turn around and fall just below the $4500 level.

Bitcoin fell on Thursday to show signs of weakness, as the market has reached towards the 56,000 level only to turn back around.

The German index continues to bounce around the 200 day EMA as we have seen a lot of consolidation in this general vicinity.

The S&P 500 has rallied significantly during the course of trading on Thursday to wipe out the losses from the Wednesday session.

The US dollar initially fell against the South African Rand on Thursday but has bounced quite significantly to break back towards the 16 Rand level.