Forex Daily Forecast, Analysis and Prediction

The bearish trend of the Mexican Peso has resumed in full force the past day and a half of trading for the USD/MXN.

The silver markets have rallied quite significantly during the trading session on Monday to start the week with a bang.

The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Monday as traders came back from the weekend,

The bitcoin market rallied again during the trading session on Monday, as traders came back from the weekend.

Gold markets have been a bit choppy during the trading session on Monday, as we continue to see a lot of noise, but overall, this is still a very positive marketplace.

If you are a speculator of the USD/INR you have likely learned the past few days not to remove your eyes from the Forex pair for more than a minute.

GBP/USD: Pound one of the strongest major currencies

EUR/USD: Unclear whether price can break 1.2000

Experienced traders know that momentum can shift quickly in forex and the last three trading sessions for the USD/SGD has delivered this lesson well.

Overconfidence can become a very dangerous character flaw within a new speculator.

This contributed to an upward closing of the EUR/USD price, reaching the 1.1919 resistance.

The markets believed that this decline would not last for long, as the US dollar quickly declined strongly with the market’s absorbing what Jerome Powell announced.

Forex traders ignored fears of a bleak outlook for Brexit, and the US dollar’s decline was exploited.

The pair has now fallen to the oversold levels of the 14-hour RSI on the hourly time frame chart.

The USD/PKR has seen some downward momentum develop the past two and half days of trading.