Forex Daily Forecast, Analysis and Prediction

The US dollar initially fell during the trading session on Monday but found the 200 day EMA to be supportive yet again.

The West Texas Intermediate Crude Oil market has pulled back slightly on Monday, as we continue to see a lot of hesitation just above at the $80 level.

The S&P 500 fell significantly during the course of the trading session on Monday to reach down towards a major uptrend line and pierce the 4600 level.

The NASDAQ 100 has fallen significantly on Monday to reach down towards the 15,150 area.

Silver markets have gone back and forth during the trading session on Monday to show signs of hesitancy to move in either direction.

The Ethereum market has dropped again on Monday to reach down below the $3000 level before buyers came in and trying to stabilize the market.

Solana has had another negative session during the trading session on Monday, losing over 3%.

The German index has had a relatively rough session on Monday, as we initially tried to rally a bit but found the 16,000 level as a bit too much.

Gold markets have gone back and forth on Monday, as we continue to see a lot of back and forth action just below the 50 day EMA.

The AUD/USD price shows a succession of lower highs, with the area around the round number at 0.7200 again acting as resistance.

The GBP/USD pair held steady as focus remained on the rising American and UK bond yields.

The EUR/USD pair bounced back slightly in the overnight session after it crashed to a low of 1.1285 on Monday.

The BTC/USD price crashed below the key support at 40,000 on Monday as risky assets sold off.

It appears that the US dollar will lose more value against the pound in the wake of the US jobs report without consensus at the end of trading last week.

Throughout the transactions of the past week, the price of the USD/JPY currency pair is moving amid an upward momentum.