Forex Daily Forecast, Analysis and Prediction

The euro has gone back and forth during the trading session on Monday, showing signs of hesitation right around the 1.21 level.

The 0.7816 level looks likely to be very pivotal.

It is unclear that the medium-term bullish momentum will continue.

The GBP/USD price retreated in the American and Asian sessions as focus remained on the upcoming Fed interest rate decision.

The BTC/USD pair is attempting a rebound a week after it crashed by more than 14,000 points.

By the end of last week’s trading, the price of gold retreated to the level of $1770 after attempts throughout the week’s transactions to breach the level of psychological resistance of $1,800.

During an upward correction phase, the GBP/USD pair tried to move during last week’s trading.

In flagrant disregard for positive US economic data, the USD/JPY sold off, which pushed the pair towards the 107.47 support level, a near 2-month low.

By the end of last week's trading, the EUR/USD pair jumped to the 1.2100 resistance level, a near two-month high, and closed near that resistance.

The DAX Index has opened this morning’s trading with a positive opening and has important mid-term resistance in sight.

The USD/BRL traded lower late last week and broke through important support which was near the 5.5000 juncture.

The USD/ZAR remains locked within a durable trading range and speculators who like to trade with quick-hitting positions may enjoy the current conditions.

The USD/INR has seen bearish sentiment creep back into its trading realm the past couple of days as higher resistance levels proved adequate.

The EUR/USD pair jumped to the highest level since March 3 as US bond yields retreated, with focus turning to the upcoming Federal Reserve rate decision.

The AUD/USD inched upwards in the Asian session as commodity prices rose and the US dollar slipped.