Forex Daily Forecast, Analysis and Prediction

The Hong Kong Hang Seng Index initially fell on Monday, as for protests in China over the lockdowns coming back.

The USD/JPY has been able to sustain its lower mid-term price range after more bearish momentum produced strong selling last week.

Bitcoin has fallen again during the session on Monday, after going sideways for the last couple of days.

The USD/MXN moved lower again on Monday and has managed to sustain its long-term depths in early trading this morning.

The Crude Oil market had broken through a major support level, but then turned around later in the day to form a bit of a hammer.

The EUR/USD price pulled back ahead of the upcoming American and European consumer confidence data.

The BTC/USD price moved sideways as the fallout on FTX and Alameda Research continued.

The AUD/USD price pulled back after the relatively weak Australian retail sales numbers and as China experienced Covid-zero protests.

The Australian dollar pulled back a bit during the trading week on Monday, showing signs of hesitation.

My previous GBP/USD signal last Tuesday was not triggered, as there was no bearish price action when the resistance level I had identified at $1.1868 was first reached that day.

The GBP/USD currency pair has had a bit of a quiet session during the day on Monday, as we continue to see a lot of hesitation around the 50-Day EMA.

The EUR/USD currency pair initially tried to rally against the US dollar on Monday but found the 1.05 level to be a bit too much to get beyond.

Gold Markets have pulled back significantly from the 200-Day EMA, which is near the $1760 level.

The US dollar has fallen a bit during the trading session on Monday but found enough support underneath the uptrend line to show signs of life and bounce a bit.

The TRY/USD stabilized during the early trading this morning, after the decision of the Turkish Central Bank at the end of trading last week, where the Monetary Policy Committee of the Bank reduced the interest rate by 150 basis points.