Forex Daily Forecast, Analysis and Prediction

The Bitcoin market drifted a little lower on Monday as we are looking at the $20,000 level as a potential support area yet again.

Ethereum drifted a little bit lower on Monday as traders came back to work.

The gold markets fell a bit on Monday as we continue to hang about the $1740 level.

The GBP/USD sell-off gained steam during the American and Asian sessions as the US dollar strength continued.

The BTC/USD pair pulled back but remained in a tight range as investors waited for the upcoming bank earnings season.

The AUD/USD crashed to the lowest level since June 2020 as the US dollar continued its strength.

After reversing from its highs achieved last week, the USD/CAD has found what appears to be durable short-term support and moved upwards this morning.

The past few days of trading have seen ETH/USD falter as speculative resistance has proven durable and an erosion of value threatens again.

The Dow Jones Industrial Average continues the corrective rise during its recent trading at the intraday levels, very slightly.

Last week’s trading on natural gas prices ended lower on Friday, as the spot natural gas prices decreased in their recent trading at the intraday levels.

The USD/JPY launched towards the resistance level 136.56, near its highest in 24 years, and settled around the level of 136.00 at the beginning of this week's trading.

During last week’s trading, the gold price experienced strong selling that pushed it towards the support level of $1732 an ounce, its lowest in nine months, and tried to recover slightly to $1752 on Friday.

The bears to push the price of the GBP/USD pair to collapse towards the 1.1875 level.

The euro narrowly avoided a move towards the psychologically important level of parity against the dollar in the last session of trading last week.

For two consecutive weeks, the EUR/JPY currency pair was subjected to selling due to concern about the future recession of the Eurozone economy.