Forex Daily Forecast, Analysis and Prediction

The key thing to watch in Bitcoin is whether the price will get established below the lowest key support level at $19,163.

USD/ZAR: Trading Range Could Offer Speculative Range Still

USD/INR: After Big August Moves Delivered, September Awaits

The Turkish lira's trading has stabilized against the US dollar, after minor declines yesterday, when the pair recorded new levels of rise before resuming the decline and stability within a limited trading range.

The price of gold fell for a second day after Federal Reserve Chairman Jerome Powell backed away against hopes that the US central bank would begin easing monetary policy soon.

A bullish price gap characterized the performance of the price of the USD/JPY at the beginning of this week’s trading.

At the beginning of this week’s trading, and despite the holiday in Britain, the price of the GBP/USD currency pair fell to a stronger support level, towards 1.1648, its lowest since the height of the market crash in 2020.

Every time the price of the EUR/USD tries to rebound upwards, the negative impact factors remind investors that the euro will remain weak for a longer period of time.

The West Texas Intermediate Crude Oil market rallied again on Monday, to break above the 200-Day EMA.

The NASDAQ 100 gapped lower to kick off the week on Monday but turned around to show signs of life.

The ETH/USD market rallied a bit during the trading session on Monday, getting over 7%.

The DAX initially gapped lower during the Monday open but turned around miraculously to wipe all of that out and end of the day in the green.

The BTC/USD has bounced ever so slightly during the trading session on Monday to continue to test the $20,000 region.

The USD/BRL traded near value last seen in the middle of June as it ended yesterday’s Forex session near the 5.0285 ratio.

The GBP/USD is trading near the 1.17180 mark as of this writing.