Forex Daily Forecast, Analysis and Prediction

The US dollar initially rallied during the trading session on Monday to kick off the week against the Indian rupee.

The NASDAQ 100 got hit hard to the downside during the trading session on Monday, as it looks like we will try to get to the uptrend line underneath.

The S&P 500 fell initially during the trading session on Monday only to find buyers underneath.

The strong resistance level at 0.7726 is holding.

Gold markets fell a bit during the trading session on Monday to kick off the week, reaching down towards the $1818 level, which is where the 200-day EMA currently sits.

The Australian dollar pulled back a bit during the trading session on Monday to reach down towards the 0.77 level before turning around again.

Bitcoin markets got absolutely crushed on Monday, dropping almost 20% at one point during the day.

The West Texas Intermediate Crude oil market initially fell during the trading session on Monday as traders came back to work, but then turned around to show signs of support, forming a hammer.

The DAX Index pulled back a bit during the trading session on Monday as traders came back to work.

The British pound is seen firmer.

The EUR/USD price is down for the fourth straight day in a row as the strong dollar theme continues, in the longest losing streak for the pair.

Bitcoin price is attempting to bounce back after falling by more than 30% in the past few days.

The US dollar's strength at the end of last week’s trading pushed gold to the $1828 support level, its lowest level in three weeks, and the worst daily performance of gold since November 9, 2020.

At the beginning of this week's trading, the EUR/USD pair retreated to the support level of 1.2170 as of this writing.

After being sold off for four trading sessions in a row, the GBP/USD pair reached the support level of 1.3532 after its recent gains had pushed it towards the resistance level at 1.3703.