Forex Daily Forecast, Analysis and Prediction

The gold markets rallied just a bit on Monday but then turned around as we have seen a bit of selling pressure.

The Australian dollar initially tried to take out the 0.73 level above, but then gave back the gains as this has been an area of significant interest more than once.

Bitcoin markets fluctuated on Monday as traders came back from a relatively quiet weekend.

The euro initially tried to rally on Monday, but gave up gains just above the 1.18 level, suggesting that perhaps we are still “stuck” in the same pattern.

The British pound fluctuated on Monday as traders try to figure out what we are going to do next.

BTC/USD has enjoyed a fruitful August of positive results as the cryptocurrency essentially gained another solid percentage ratio.

The AUD/USD is the most active currency pair after NZD/USD.

The price is approaching a long-term resistant trend line.

The GBP/USD price is in a holding pattern as the month comes to an end.

The BTC/USD recent bullish momentum faded as bulls struggled pushing it above the 50,000 mark.

The USD/TRY has continued its rather impressive bearish stance and in early trading this morning is near important mid-term lows.

Firm support is likely at 0.6935.

The weakness of the US dollar after the Jackson Hole Symposium contributed to a strong upward rebound for gold.

The USD/JPY tried to settle above the 110.00 psychological resistance throughout last week's trading ahead of the Jackson Hole Symposium.

The GBP gained some momentum last week against the other major currencies, namely the dollar, the euro and the Japanese yen.