Forex Daily Forecast, Analysis and Prediction

The US dollar has rallied a bit during the trading session on Monday, breaking clearly above the 200 day EMA.

USDJPY: More bullish above 108.82

Bitcoin: Recovery from 6-month low prices

Ripple has been dragged down by Bitcoin and the Ripple Foundation, the entity in control of supply, has been continuously accused of dumping XRP on the market.

Canadian wholesale trade sales released yesterday surprised to the upside and provided the necessary catalyst to force a breakout in the CAD/JPY above its support zone.

Comments out of the Swiss National Bank that an interest rate cut remains on the table has pressured the Swiss Franc to the downside, despite its safe-haven appeal

Australian consumer confidence decreased ahead of the key holiday shopping season, but a phone call between officials from the US and China has once again grabbed the headlines.

West Texas Intermediate Crude Oil has pulled back quite a bit during the trading session on Monday but has also found a significant amount of support near the 200 day EMA.

USDCAD: More bullish

Natural gas markets got hammered during the trading session on Monday, reaching down towards the crucial 200 day EMA.

USDCHF Analysis: More bullish still

Bitcoin has broken down a bit during the trading session on Monday to show signs of weakness yet again, but we have bounced enough to form a bit of a hammer.

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