Forex Daily Forecast, Analysis and Prediction

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.

Bearish momentum has been depleted since BTC/USD dropped below the 8K mark.

While the overall long-term trend favors more upside in the EUR/USD, a short-term correction is expected to unfold as forex traders realize floating trading profits.

The Canadian Dollar is the best performing G-10 currency this year, but after elections showed that incumbent Prime Minister Trudeau may be forced into a minority government

A series of higher highs and higher lows, which represents a bullish development, has propelled the AUD/USD to the upside.

USDCAD: Strong CAD, bearish picture

USDCHF Analysis: Ranging price action