Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 had been a bit over-stretched, but now it looks like we are comfortable going long again.

The S&P 500 was slightly positive during the trading session on Monday to kick off the week, but it is a little lackluster as far as performance is concerned.

The gold markets fell rather significantly during the trading session on Monday to reach down towards the 50-day EMA.

The Indian rupee initially fell during the trading session on Monday to kick off the week but has turned around to show signs of life again, as we did up forming a hammer.

The West Texas Intermediate Crude Oil market has shown itself to be bullish yet again but gave back some of the gains to show a little bit of hesitancy.

The euro did very little during the trading session on Monday, as we essentially are simply sitting at the 50-day EMA and trying to find some direction.

The British pound pulled back a bit during the trading session on Monday, only to recapture the 1.41 handle.

Attractive support levels above $70 and at $69.

Resistance overhead runs up to 1.2150.

The GBP/USD pair was in a tight range during the Asian session as traders waited for the key UK employment and US retail sales numbers.

The BTC/USD rose to a key resistance level after some positive comments by Elon Musk and billionaire Paul Tudor Jones.

The EUR/USD pair’s gains are subject to profit-taking operations, especially this week with the markets anticipating the monetary policy decisions of the US Central Bank.

The recovery of the US dollar contributed to the profit-taking sale of the price of gold, reaching the support level of 1870 dollars an ounce.

Last week, the positive performance of the USD/JPY currency pair and the rebound gains reached the resistance level of 109.85 before closing trading stable around the 109.68 level.

Profit taking selling operations contributed to the decline in the price of the GBP/USD currency pair.