Forex Daily Forecast, Analysis and Prediction

The FTSE 100 initially gapped higher to show signs of strength right away on Monday, and then essentially filled a gap that formed on Monday.

The S&P 500 pulled back yet again on Monday to show signs of selling pressure.

The NASDAQ 100 fell hard on Monday to show signs of extreme weakness.

Gold markets initially fell on Monday to reach down towards the $1750 level.

The Australian dollar rallied a bit on Monday, but still has failed to break above the 0.73 level.

The Bitcoin market rallied a bit on Monday as we continue to try to break to the upside.

The euro rallied a bit against the US dollar on Monday but gave back some of the most extreme gains as the 1.16 level continues to act as a magnet for the market.

The British pound rallied significantly on Monday, but as you can see, we are pressing the previous support level sitting at roughly 1.36.

0.7250 is looking likely to be today’s pivotal area.

The price is falling again after a bullish retracement.

The GBP/USD pair rose for four straight days as investors rushed to buy the dips following last week’s crash.

The BTC/USD held steady in the overnight session even as US bond yields rose and stocks retreated.

WTI Crude Oil is trading within sight of long-term highs as technical and fundamental sentiments have created a dynamic environment for the commodity.

The USD/PRK continues to traverse in a bullish manner and is making resistance look quite vulnerable as speculative conditions grow.

The price of gold reached $1765 twice last week after falling to the support level of $1722, the lowest price in nearly two months.