Forex Daily Forecast, Analysis and Prediction

The USD/BRL has produced a rather consistent short-term incremental trend upwards as the Forex pair demonstrates bullish sentiment.

The USD/ZAR has reversed higher after challenging long-term support only one day ago and the higher values may be an opportunity for traders.

The USD/INR has maintained its rather aggressive bearish trend, and what should intrigue speculators is the absence of volatile reversals higher.

The USD/SGD continues to confront important support levels, but the battle to maintain bearish momentum has not been easy.

The FTSE 100 has fallen significantly during the trading session on Monday to reach down towards the 50-day EMA.

The euro rallied again during the trading session on Monday, showing signs of strength.

The British pound initially pulled back during the trading session on Monday but turned around to show signs of strength again.

The NASDAQ 100 got hammered during the trading session on Monday as the markets got away from some of the “stay-at-home stocks” that so many people have been piling into.

The S&P 500 pulled back a bit during the trading session on Monday to reach down towards the 3860 level.

The gold markets gapped higher to kick off the week on Monday, and then shot above the $1800 level.

The Australian dollar rallied a bit during the trading session on Monday but was just a bit more sluggish than we had seen during the Friday session.

During the trading session on Monday, there were large sell orders that came into the marketplace to push prices down.

The Canadian dollar strengthened a bit against the US dollar during the trading session on Monday, as the pair has reached just below the 1.26 level at one point.

The West Texas Intermediate Crude Oil market had a very bullish candlestick form for the Monday session as it gained 3.8%.

The EUR/USD is rising for the fourth consecutive day ahead of important testimony by Jerome Powell and the EU consumer inflation data.