Forex Daily Forecast, Analysis and Prediction

The Bitcoin markets fell a bit during the trading session on Friday, partially helped by the Deribit $21 billion worth of options expiring.

The AUD/USD pair retreated on Monday morning as the number of COVID cases in Australia continued rising.

The EUR/USD price retreated slightly as the COVID-19 situation in the US continued to worsen.

Today’s pivotal point is likely at $40,625.

The price is more bullish above 1.4010.

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The USD/ZAR has experienced a tumultuous two weeks of trading as August is set to begin, as reactions to unrest in South Africa’s communities remains nervous.

Difficult July Potentially Leads to Better August

Bitcoin traders should expect another month of surprises.

The S&P 500 was very noisy during the course of the month on July, and I suspect that August probably will not be any better.

Gold markets are building up for a move, and we could see that move come in August.

The NASDAQ 100 rallied again during the month of July, but it should not be thought of as an easy month.

DOGE/USD has battled off bearish ratios in the past week, but bullish traders are still being confronted by the lower price range as they decide on direction.

At this point, I think you are going to have a very choppy month of August.