Forex Daily Forecast, Analysis and Prediction

Gold clearly demonstrated a rather turbulent month of results in November and traders should prepare for the potential of additional amusement park-like thrills.

For the third day in a row, the USD/JPY is settling below the 113.00 support level after strong selloffs which the pair recently witnessed as it collapsed from its highest level in six years, when it tested the 115.52 resistance level last week.

For two trading sessions in a row, the EUR/USD tried to stop its losses which extended to the 1.1186 support level, the lowest in 16 months, but the rebound gains did not exceed the 1.1330 level, instead settling around the 1.1270 level today.

The price of gold has been trying to recover to stabilize above the psychological resistance of $1800, which may give the yellow metal the impetus to move higher to avoid selloffs.

Britain is expanding its COVID-19 booster vaccine program to millions more people as part of efforts to tackle the spread of the new omicron variant, which is feared to be more contagious and resistant to vaccines.

The USD/BRL has traded slightly higher since the 25th of November, but it remains below values achieved only a couple of days before on the 23rd.

There is plenty of room to fall.

The USD/INR has broken through short-term resistance and climbed higher as nervous trading sentiment grips Forex globally.

SHIB/USD remains the speculative darling for many cryptocurrency traders attracted to its incremental and fast-paced trading environment.

ADA/USD is trading near crucial support levels as its price slide has seemingly gained momentum, and is now producing important mid-term lows.

XRP/USD has slumped the past few weeks after hitting a mid-term high on the 11th of November, and important support is now within sight.

DOGE/USD remains within the grips of a rather strong bearish trend and speculators who have a bullish mindset are having their stamina tested.

ETH/USD began the month of November continuing its solid bullish streak upwards and created all-time price values, but since accomplishing the highs, Ethereum has trended lower.

Bitcoin appears ready to begin trading below the 60,000.00 USD mark as December gets underway, and the potential for massive volatility is abundant.

The FTSE 100 gapped higher on Monday, but pulled back a bit to reach towards the 7050 level, only to turn around and show signs of strength again as we closed near the 7150 handle.