Forex Daily Forecast, Analysis and Prediction

The GBP/USD dropped yesterday far more than expected, which led to the activation of the stop losses of buy signals.

The AUD/USD rose during yesterday's trading, before recording some decline during the last US trades.

Test of $20k looking less likely.

In recent technical analyses of the EUR/USD, we noted that recent gains pushed the technical indicators into overbought areas.

As fears of a no-deal Brexit increased, so did the pound's losses against the rest of other major currencies.

The attention of gold investors returned to the psychological resistance at $1900 an ounce, after recent gains in the price of gold pushed it to the $1868 level at the beginning of this week's trading.

With nearly non-existent movement, the USD/JPY had a weak performance at the beginning of this week’s trading.

Bearish head and shoulders neckline at 1.2087.

The US dollar fell again against the Brazilian real as we crossed the 5.10 threshold during the trading session on Monday.

The US dollar had initially rallied during the trading session on Monday, but then turned around to show signs of exhaustion.

The Australian dollar initially pulled back during the trading session on Monday, but continues to look very bullish as we see plenty of buyers on these dips.

The NASDAQ 100 initially dropped a bit during the trading session on Monday, but then rallied significantly.

The S&P 500 fluctuated during the trading session on Monday to kick off the week in what has been a rather volatile situation.

The West Texas Intermediate Crude Oil Market initially fell during the trading session on Monday but continues to grind higher in general.

Gold markets initially fell during the trading session on Monday but then turned around to show signs of strength again.