Forex Daily Forecast, Analysis and Prediction

The euro rallied a bit during the trading session on Monday as we continue to press the resistance barrier from last week.

A breakout beyond 0.7779 would be a bullish sign.

Bullish price action above 1.2250 will indicate a major breakout.

The GBP/USD is in a tight range as market participants reflect on the strong economic data from the United States and the UK.

The BTC/USD rebounded on Monday after crashing to a multi-month low of $30,000 last week.

We have entered a new bullish trading week for EUR / USD.

In light of the continuing pressures on the US dollar, the share USD/JPY, during last week’s trading, retreated to the support level of 108.57.

The GBP / USD currency pair succeeded in achieving strong gains that pushed it towards the 1.4233 resistance level, near its 2021 high.

The strong gains in the gold price stopped at the resistance level of 1890 dollars an ounce and stabilized at the beginning of this week's trading around the level of 1880 dollars an ounce.

Bitcoin just halved in value in less than one month.

The USD/BRL has once again proven it refuses to remain correlated to other major Forex pairs as a bullish reversal has taken hold.

The USD/MXN has continued to consolidate within its short term range, but curiously has also seen resistance levels move lower.

The USD/ZAR is testing lower values as its short-term resistance levels have incrementally decreased.

The USD/INR remains gripped within a bearish trend which continues to demonstrate rather durable resistance levels.

The S&P 500 rallied a bit during the trading session on Friday only to turn around and sell off just below the 4200 level.