Forex Daily Forecast, Analysis and Prediction

The euro recovered quite nicely during the trading session on Monday as it tested the previous downtrend line.

The FTSE 100 fluctuated in very choppy and indecisive trading on Monday.

The S&P 500 has gone back and forth during the trading session on Monday as the 4200 level continues to keep a lid on the market.

The NASDAQ 100 found the 14,000 level to be a bit too much to overcome, so it ended up pulling back to show signs of weakness.

Bulls and bears are very evenly matched.

There is a pivotal point at 1.2000 / 1.1994.

The gold market rallied significantly during the trading session on Monday to kick off the week, reaching towards the 200-day EMA and even breaking above it at one point.

The Australian dollar rallied a bit during the trading session on Thursday yet again, bouncing from the 50-day EMA yet again as well.

Bitcoin went back and forth during the trading session on Monday as traders continue to push this market higher.

The US dollar initially tried to rally against the Canadian dollar, but just as it did on Friday, the market saw quite a few sellers come back into the market and push it lower.

The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Monday but turned around to show signs of strength yet again.

The GBP/USD price bounced back on Monday after it declined by more than 1.2% on Friday.

The BTC/USD price retreated overnight as focus remained on the fast-rising Ethereum.

Gold’s weak attempts to rebound higher during last week's trading did not exceed the $1790 resistance level, and last Thursday's session was disastrous.

British pound pairs may face instability during the trading session this week, pending the announcement of the monetary policy decisions of the Bank of England.