Forex Daily Forecast, Analysis and Prediction

After a strong bullish moves last week, the price of gold has returned to the support level of $1765 as of this writing.

The USD/JPY hit a new low as it retreated to the 107.97 support level today, the lowest for the currency pair in over a month-and-a-half.

The EUR/USD has been moving in an upward correction since the start of trading this week.

In its best trading session this year, the GBP/USD broke through the 1.4000 psychological resistance today.

ADA/USD continues to deliver a blistering trading pace and its volatility could prove attractive to cryptocurrency speculators.

ETH/USD has come off highs and is now testing important short-term support levels, which are adding to Ethereum’s speculative storm.

The USD/SGD has traversed from its higher value range back into bearish territory the past week of trading with strong velocity.

The West Texas Intermediate Crude Oil market has done very little during the trading session yet again, as it looks like we are simply “killing time” before some type of bigger move.

The US dollar fell initially against the Canadian dollar on Monday, but then turned around to show signs of support.

Bitcoin markets broke well below the $60,000 level during the trading session on Monday, as $10 billion worth of crypto liquidations on Sunday in the futures markets certainly had an effect.

The NASDAQ 100 fell quite a bit during the trading session on Monday as the 14,000 level continues to be a bit of a barrier.

The S&P 500 pulled back a bit during the trading session on Monday to kick off the week on the back foot.

The Aussie is strong while the greenback sells off.

The euro is showing serious bullish momentum.

The market has exploded to the upside, forming a massive candlestick that is shaped like a hammer.