Forex Daily Forecast, Analysis and Prediction

Gold markets fell again during the trading session on Monday, and with prime to test the support yet again. We have recently seen a bounce from the $1450 level, but now have given back those gains yet again.

GBPUSD: Evenly balanced between bulls and bears

EURUSD: Pivotal point at 1.0993

With the EUR/USD attempts during last week's trading to overcome the 1.1100 resistance and find the necessary momentum to confirm the strength of the bullish correction, it was normal that the decline quickly returned to the 1.1014 support, where the pair closed the week's trading around.

The strength of the US dollar has returned again, and therefore, the GBP/USD price dropped to the 1.2822 support during last Friday's trading session, ending all its recent gains that hit the 1.2985 resistance.

There is a variation of the reports around the possibility of signing the “Phase 1” agreement between the U.S and China, between the nearing of the signingو the threat of an escalation, and the return to negotiations until further notice.

Expectations continue to strongly indicate continued weakness in the pair's performance in the coming days.

NZDUSD: Bullish flag pattern about to break down?

AUDUSD: Dominant bearish trend line

USDJPY: Bullish breakout from price channel threatens 108.86

Bitcoin: Very bearish; new 6 month low prices

The US dollar initially pulled back a bit against the Japanese yen during the trading session on Friday, but then found support underneath to turn things back around

The Euro continues to try to break down through the 1.10 level, as the market has shown itself to be extraordinarily negative.

The S&P 500 has initially fallen during the trading session on Friday, but then turned around to show signs of life as the 3100 level has offered support.

The British pound got hammered during the Friday session, but quite frankly when you look at the longer-term aspect of trading here,