Forex Daily Forecast, Analysis and Prediction

The German DAX index initially tried to rally on Monday, but the €13,400 level has caused enough trouble to turn things around and bring in fresh selling.

The Nikkei 225 initially tried to rally on Monday but gave back gains to show signs of weakness.

The S&P 500 initially shot higher in the futures market on Monday but has given back the initial gains to form a shooting star.

Ethereum did very little on Monday as it looks like the $1250 level is going to continue to offer a little bit of the barrier.

Bitcoin rallied a bit on Monday but then pulled back to show signs of exhaustion.

Gold markets initially tried to rally on Monday but gave back gains to show signs of weakness yet again.

The West Texas Intermediate Crude Oil market rallied after initially falling on Monday to show signs of life again.

The euro rallied again on Monday but continues to find resistance just below the 1.06 level.

The British pound went back and forth on Monday as we continue to look a bit lost.

The BTC/USD pair retreated slightly as demand for Bitcoin and other cryptocurrencies waned.

The EUR/USD pair rose to an important resistance level after a hawkish statement by Christine Lagarde.

The AUD/USD moved sideways as investors reflected on the latest statement by Jerome Powell and US housing data.

Throughout the last week’s trading the price of the EUR/USD currency pair is trying to rebound higher to break the general bearish trend.

The recent profit taking sell-offs have not taken the USD/JPY out of the general upward trend so far, as the currency pair is settling around the resistance level 135.20 at the time of writing the analysis.

For six trading sessions in a row the GBP/USD price moves in tight ranges and during it every time it tries to bounce up, it quickly falls back down again