Forex Daily Forecast, Analysis and Prediction

ETH/USD has fallen in price overnight and the broad cryptocurrency market has seen a plunge via other major digital assets too.

The bullish performance of gold continues despite the strength of the US dollar.

The gains of the USD/JPY reached the resistance level of 114.31 before settling around 114.15 as of this writing, awaiting the announcement of US retail sales figures, which directly affect investor sentiment.

The British pound has once again defied the strength of the US dollar.

The EUR/USD continued its biggest decline since late September last week.

The British pound rallied a bit against the US dollar over the last 24 hours, breaking 48 hours’ worth of resistance.

The euro plunged yet again on Monday to slice below the 1.14 level.

The Bitcoin market initially tried to rally on Monday to show signs of strength, but then gave back the gains to finish relatively unchanged.

The NASDAQ 100 has initially pulled back on Monday but has seen enough buying pressure to turn things around and show signs of life.

The S&P 500 went back and forth on Monday to show signs of hesitancy, but perhaps more importantly, it showed signs of support at the previous downtrend line of the bullish flag.

The gold markets have fallen a bit on Monday reaching down towards the $1860 level.

The Australian dollar initially tried to rally during on Monday but seems to be struggling near the 50-day EMA.

The West Texas Intermediate Crude Oil market initially tried to rally on Monday but then gave back gains to drop towards the $79.85 level before stabilizing a bit.

The US dollar initially rose ever so slightly against the Canadian dollar before falling towards the 1.2520 level.

The New Zealand dollar initially rallied a bit on Monday in a very positive sign as we had bounced from the psychologically and structurally important 0.70 level on Friday.