Forex Daily Forecast, Analysis and Prediction

The Australian dollar has initially fallen during the trading session on Monday, breaking towards the 50 day EMA before bouncing a bit.

The US dollar initially tried to rally during the trading session on Monday but found a significant amount of resistance near the ¥107 level.

The British pound has broken down a bit during the trading session on Monday, reaching towards the 1.24 level before bouncing slightly.

The Euro initially gapped lower at the open on Monday but then turned around to fill that gap before falling somewhat significantly.

The NASDAQ 100 has fallen at the open on Monday, but then turned around to fill the gap and continue going higher.

The S&P 500 initially gapped lower to kick off the trading session on Monday, and at this point it looks as if the 50 day EMA is starting to attract a certain amount of attention.

AUD/USD: RBA leaves rates unchanged

USD/JPY: Possible bullish head and shoulders formation from 106.60

BTC/USD: Bulls in doubt below $9,200

GBP/USD: Likely to consolidate today between 1.2396 and 1.2484

The silver markets have gone back and forth during the trading session on Monday to kick off the week, initially tried to rally but then broke back down below the $15 level.

Bitcoin markets did nothing during the trading session on Monday for the third day in a row, which makes quite a bit of sense considering that the market is currently testing the $9000 level,

Gold markets gapped higher during the trading session on Monday to kick off the week, but then pulled back to fill that gap.

The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Monday to kick off the week but found support at the same place

EUR/USD: Support at 1.0840 looks strong