Forex Daily Forecast, Analysis and Prediction

Earlier in the week, the USD/JPY fell to the 108.29 support as pressure on the US dollar from expectations for a US rate cut next week by the US Federal Reserve continued to show weakness in recent economic performance.

NZDUSD: Medium-term topping out?

AUDUSD: Medium-term topping out?

USDJPY: Strong support area around 108.07

Bitcoin: Weakly bullish above $8,173

The WTI Crude Oil market fell during most of the trading session on Monday but did recover quite nicely.

The US dollar gapped higher to kick off the trading session on Monday, showing signs of bullish pressure but gave back the gains rather early.

The US dollar is slightly positive during the trading session on Monday, but it looks lackluster against the Japanese Yen to say the least.

The S&P 500 has rallied quite nicely during the trading session, forming an outside candlestick.

Natural gas markets are likely to find buyers at current levels, the $2.20 level, as it has been so supportive over the last several days.

The NASDAQ 100 had a bullish session during the training session on Monday to kick out the week, but as you can see, we are still below the crucial 8000 level.

The Euro has pulled back just a bit during the trading session on Monday, breaking below the 1.1150 level.

The British pound has gone back and forth for the bulk of the Monday session, essentially settling for an unchanged candlestick.

The Australian dollar looks very exhausted at the end of the day on Monday, reaching towards the 50% Fibonacci retracement level before selling off again.

Gold markets tried to rally during the trading session on Monday but found resistance at the $1500 level again.