Forex Daily Forecast, Analysis and Prediction

After a strong corrective phase, the EUR/TRY started to stabilize as it reached its support zone.

As Bitcoin continues to drag down the cryptocurrency market and is con the verge of a breakdown below the $8,000 level,

RBA minutes from the November policy meeting were released during the Asian trading session but had no material impact on the Australian Dollar.

USDCAD: Weakly bearish below 1.3200

USDCHF Analysis: Bullish double bottom formation at 0.9873?

GBPUSD: Bullish above 1.2943 until 1.2990

EURUSD: Weakly bullish above 1.1064

The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Monday, but then broke back down to slice through the 200 day EMA again.

The US dollar continues to go back and forth against the Japanese yen as we are dancing around the 200 day EMA.

The S&P 500 has gone back and forth during the trading session on Monday, showing signs of exhaustion at the top of a larger channel.

The British pound continues to rally overall, and of course Monday was no different.

Natural gas markets fell a bit during the trading session on Monday to kick off the week, testing the 200 day EMA.

Gold markets pulled back a bit during the trading session on Monday to kick off the week, as there were reports that the United States and China had a very “constructive phone call” over the weekend.

The Euro rallied a bit during the trading session on Monday to kick off the week, reaching towards the 1.11 level.

Bitcoin has initially tried to rally during the trading session on Monday, but then rolled over again as we continue to see a lot of negativity.