Forex Daily Forecast, Analysis and Prediction

The Euro has fallen a bit during the course of the trading session on Monday as we continue to see the US dollar strengthened overall.

The Australian dollar gapped higher to kick off the Monday session, but then went back and forth to form a less than impressive candlestick.

The gold markets have fallen again during the trading session on Monday, as the yellow metal seemingly cannot get out of its own way.

Bitcoin markets have rallied quite significantly during the trading session on Monday as traders came back to work.

In the face of factors that increase gold's gains, the US dollar strengthened, which explains the weakness of gold's attempts to rebound higher during last week’s trading.

Profit-taking in the GBP/USD pushed the pair to the support level at 1.3670, a near 2-month low.

In the last three trading sessions of last week, the USD/JPY pair moved near the 110.00 psychological resistance by testing the 109.85 resistance before closing flat around 109.66.

The EUR/USD pair's losses during last week’s trading culminated in a move towards a 4-month low, reaching the support level of 1.1761 before closing steadily around 1.1792.

The USD/TRY is on a dangerous path for financial institutions and speculators as they try to determine what and who to trust.

The USD/CAD has incrementally risen in value the past week-and-a-half and important resistance junctures are in sight.

The USD/ZAR is straddling the 15.00000 ratio as traders are being forced to contemplate their short-term sentiment.

The USD/INR has delivered fresh reversals early today, but its short-term value band continues to hold steady and offers speculators opportunity.

$58,161 looks to be very pivotal resistance.

The pivotal area is between 1.3810 and 1.3746.

The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Friday, breaking above the $60 level.