Forex Daily Forecast, Analysis and Prediction

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

Gold futures snapped a four-day losing streak and settled slightly higher at the end of last week's trading, as the US dollar gave up some of its strength

The Dow Jones Industrial Average jumped up during its recent trading at the intraday levels, to achieve sharp gains in its last sessions, by 2.68%, to gain about 823.32 points and settle at the end of trading at the level of 31,500.69.

Spot natural gas prices (CFDS ON NATURAL GAS) declined in their recent trading at the intraday levels, to record daily losses until the moment of writing this report, by -1.44%.

The lira rose strongly during trading on Friday, to complement its strong rise against the dollar, with the markets returning to trading on Monday.

XRP/USD has come off of highs in the past day of trading, and the cryptocurrency also remains locked within a rather suspicious and seemingly nervous price range.

DOT/USD has slumped the past handful of hours, after reaching a high water mark of nearly 8.4750 in early trading on Sunday.

The best opportunities are likely to be fading key levels.

The Aussie dollar rallied a bit on Friday as we continue to see a lot of noisy behavior in most markets.