Forex Daily Forecast, Analysis and Prediction

For two days in a row, the GBP/USD has had bearish setbacks that pushed it towards the 1.3641 support level, the lowest in more than two weeks.

The EUR/USD picked up where it left off last week and settled below the 1.1600 level.

Wheat prices have continued to surge higher and the speculative trend is being hit with a combination of factors which have propelled the commodity.

The USD/PKR has seen a bearish short-term emerge since the 27th of October, and this reversal has occurred after an all-time high was hit by the Forex pair.

ETH/USD remains within the upper tier of its long-term price range as its flirts with record values and speculators stay excited and likely fairly anxious.

Since the 19th of October, the USD/SGD has produced a significant trading range, which when looked at via a one-month chart, looks like a bouncing ball.

The first signs of possible support are at 0.7475.

The euro rallied significantly on Monday, breaking back above the 1.16 level.

The British pound fell a bit on Monday to test the 1.3650 level.

The US dollar rallied significantly against the South African rand during the trading session on Monday as we continue to see emerging market currencies get crushed.

The NASDAQ 100 initially dipped just a bit on Monday, but then turned around to show signs of life again.

The US dollar drifted a little bit lower against the Canadian dollar on Monday as we continue to see the crude oil markets trying to break out to fresh, new highs again.

The Bitcoin market pulled back a bit on Monday only to test the $60,000 level.

Gold markets rallied quite nicely on Monday to reach towards the 200-day EMA.

The S&P 500 went gone back and forth on Monday as we continue to hover near the all-time highs.