Forex Daily Forecast, Analysis and Prediction

The USD/INR has developed a range bound technical pattern the past handful of days as resistance and support levels have created polite trading.

The West Texas Intermediate Crude Oil market fell a bit during the trading session on Monday, reaching towards the $70 level.

The US dollar initially tried to rally during the trading session on Monday but then turned around to show signs of weakening again.

The DAX Index fell to kick off the trading session on Monday as we reached towards the previous uptrend line that we have now broken back over.

The S&P 500 initially had a little bit of a dip during the trading session on Monday, but then found the 4400 level to be supportive enough to turn things around and form a bullish candlestick.

The NASDAQ 100 initially pulled back during the open on Monday but has seen the 15,000 level offer significant support.

New support level at 1.1800 looks likely to be pivotal today.

The gold markets initially tried to rally during the trading session on Monday but struggled above the 200-day EMA as we continue to see resistance above.

The Australian dollar fell hard during the trading session early on Monday, only to turn around and form a bit of a hammer.

Traders went wild with the assumption that adoption will drive prices higher.

The euro fell a bit during the trading session on Monday only to turn around and rally towards the top of the wedge.

The British pound rallied a bit during the trading session on Monday to break the recent resistance and clear the 1.38 handle.

The GBP/USD rose to the highest level in more than a week ahead of the latest US consumer confidence data and Federal Reserve interest rate decision.

The BTC/USD retreated in the evening session after it rose to a six-week high on Monday.

The continued flight of investors from risk amid fears of the rapid spread of the Corona Delta variable, which threatens the global openness, contributed to a continuous downward pressure for the EUR/USD currency pair.