Forex Daily Forecast, Analysis and Prediction

The German DAX Index rallied again Monday but gave back the gains to form a shooting star.

The S&P 500 Index tried to rally during the early hours on Monday, but the E-mini contract has pulled back from the crucial 4200 level.

The USD/JPY currency pair pulled back ever so slightly on Monday as the ¥135 level has offered a little bit of resistance.

The AUD/USD currency pair has rallied rather significantly during the trading session on Monday, but as you can see, the market seems to be struggling with the 0.70 region.

If you ever wanted to fall asleep trading, you can do so by watching the euro.

The GBP/USD currency pair initially tried to rally Monday but gave back the gains rather quickly.

The West Texas Intermediate Crude Oil market bounced a bit Monday as we continue to see this market throw a lot of volatility back and forth.

Price may break descending channel.

The EUR/USD price moved sideways during the American and Asian sessions as investors focused on the latest spending package by the Senate.

The BTC/USD price made a bullish breakout as demand for cryptocurrencies rose.

The AUD/USD price recovered as the US dollar retreated.

At the beginning of last week’s trading, the bulls tried to control the direction of the EUR/USD currency pair, but the pace of gains stopped at the resistance level 1.0293.

The USD/JPY currency pair started from the support level of 130.40 to the resistance level of 135.50 on Friday, after the announcement that US job numbers were stronger than all expectations.

I have often recommended selling the GBP/USD pair from every bullish level and last week's trading moves confirmed the strength of what we mentioned.

At the end of last week’s trading, gold futures fell to the level of $ 1764 an ounce, after gains were the highest for the price of gold in a month.