Forex Daily Forecast, Analysis and Prediction

The DAX Index was slightly positive during the trading session on Monday as traders came back to work, and it looks as if it is going to continue to threaten the 15,500 level.

The FTSE 100 fell initially to kick off the trading week on Monday, but then found buyers underneath near the 7000 handle, as the end result was a hammer.

The NASDAQ 100 fell from the 50-day EMA early during the trading session on Monday but has found buyers underneath to turn things around and show signs of resiliency.

The S&P 500 initially fell during the trading session on Monday but has recovered most of the losses to form a bit of a hammer.

Risk sentiment recovers to boost the euro, but the pound leads.

Bitcoin markets initially tried to rally on Monday but then found the $50,000 level to be a bit too much to overcome.

The gold markets broke higher during the trading session on Monday, as we continue to see the US dollar get hit and traders look to fight the idea of inflation.

The Australian dollar initially fell on Monday only to find buyers again at the 50-day EMA.

The market does seem like it will probably run into a little bit of trouble, but at the end of the day it certainly looks as if the euro is strengthening overall.

British pound traders were in a bullish mood during the trading session on Monday as we continue to see a “buy on the dips” situation.

The BTC/USD price is hovering near its lowest level since February as concerns of high inflation remain.

The GBP/USD rose above a key resistance level ahead of the upcoming UK employment and American housing starts data.

The USD/MXN is hovering below the 20.00000 juncture as the forex pair has reestablished its long term bearish trend

After testing significant long term lows only one week ago, the USD/ZAR has produced a slight incremental climb higher.

The USD/INR continues to produce downside momentum and is challenging important mid-term support levels within sight of the 73.2000 juncture.