Forex Daily Forecast, Analysis and Prediction

The euro is showing serious bullish momentum.

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

Gold markets rallied again during the trading session on Monday, but then turned around to form a less-than-enthusiastic-looking candlestick.

The euro has broken above the crucial 1.20 level, an area that has been significant resistance more than once.

The British pound had a very strong session during the day on Monday, breaking above the downtrend line that I drew last week, and now that we are above there it looks like we are going to go to the 1.40 level.

The FTSE 100 initially tried to rally during the trading session on Monday but gave back the gains as we got near the 7000 handle.

The GBP/USD soared to the highest level since March 18 as the dollar sell-off accelerated.

The BTC/USD price flash crash intensified in the overnight session.

Almost two weeks ago, DOGE/USD was showing a nice amount of momentum and technically looked like it could challenge the seven cents juncture above.

The USD/BRL traversed lower late last week and is testing short-term support levels, but its current value range remains intact.

After busting through important support levels on Thursday of last week, the USD/ZAR is consolidating and its next speculative battle looms.

The USD/INR is still within sight of its upper range and is maintaining a quick trading pace, but incremental steps lower are curious.

The price of gold declined at the end of last week’s trading from its 7-week high at about $1785 to trade at $1775, where it settled at the beginning of this week’s trading.

Friday's trading session saw upward correction attempts by the GBP/USD pair as it rose from the 1.3715 support level to the 1.3840 resistance, where it closed the week's trading.

The USD/JPY pair had a bearish start to the week as it fell towards the 108.61 support before closing trading around 108.80.