Forex Daily Forecast, Analysis and Prediction

The price of the EUR/USD currency pair quickly rose to a two-month high last week, leaving the impression of a bullish reversal in its wake on the charts.

LTC/USD has run into headwinds and is now within sight of important early January support, which if proven vulnerable could set off a wave of nervous selling.

LINK/USD is near important mid-term support after seeing a short-term bullish rally vanish suddenly and support levels proven vulnerable.

The price is close to a key support level at $1.1387.

The NASDAQ 100 futures market fell slightly on Monday, as most Americans were paying closer attention to the Martin Luther King, Jr. holiday than anything else, and of course the index was not moving.

The euro pulled back a bit on Monday as liquidity may have had its part to play during the Martin Luther King Jr. holiday in the United States.

The British pound initially tried to rally on Monday but then started to drift a bit lower.

The German DAX Index was relatively quiet on Monday, as we are hanging about the €15,900 level.

The S&P 500 futures dipped ever so slightly on Monday as it was a holiday, so of course liquidity would be a major issue.

Ripple pulled back just a bit on Monday, as we are hanging about the $0.75 level.

The West Texas Intermediate Crude Oil market initially gapped higher on Monday, which was Martin Luther King Jr. Day in the United States.

Bitcoin markets initially tried to rally on Monday, but then pulled back rather significantly to go looking towards the $42,000 level.

Gold markets were steady on Monday as it was Martin Luther King Jr. Day in the United States, which wiped out quite a bit of the liquidity.

The Ethereum market initially tried to rally on Monday, but then ended up falling back towards the 200-day EMA yet again.

The GBP/USD pair came under pressure as investors prepared for the upcoming economic numbers from the UK.