Forex Daily Forecast, Analysis and Prediction

The GBP/USD currency pair has rallied significantly during trading on Monday, reaching the 50-Day EMA, showing an attempt to break out to the upside.

The Crude Oil market has tried to rally a bit during the session on Monday, but gave back gain as it looks like we are threatening the $85 level.

The S&P 500 E-mini contract rallied significantly on Monday to show signs of life again, as we continue to consolidate.

The NASDAQ 100 gapped higher to kick off trading on Monday, and never look back.

The DAX has rallied to reach the 50-Day EMA during the trading session on Monday, as we have seen a little bit of recovery.

The USD/MXN is once again trading below the 20.00000 ratio.

The USD/INR has reversed lower in early trading this morning and is within sight of important support levels which may prove to be an ignition for speculative trading.

The EUR/USD price continued rising as the market volatility slipped.

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The AUD/USD price tilted upwards during the American and Asian sessions as the strong US dollar comeback took a breather.

My previous GBP/USD signal on 3rd October was not triggered, as there was no bearish price action when the resistance level which I had identified at $1.1271 was first reached.

The S&P 500 has broken down significantly during the trading session on Friday, to take back about half of the gains from the previous session.

The German DAX index initially rally during the trading session on Friday but has seen a huge amount of resistance near the 50-Day EMA.

The AUD/USD currency pair initially tried to rally on Friday, but gave back gains, despite the fact that it formed a massive hammer during the Thursday session.

The NASDAQ 100 has broken down significantly during the trading session on Friday, to slice below the 11,000 level yet again.