Forex Daily Forecast, Analysis and Prediction

Bitcoin: Bearish consolidation below $10,500

The Euro initially tried to rally during the day on Monday but ran into trouble at the same general region than that we have seen it roll over recently.

The Australian dollar has look very good for the last five sessions, but the one thing that continues to be an issue is that the market can’t go in one direction forever.

The British pound went back and forth during the trading session on Monday, as we continue to dance around the 50 day EMA.

The US dollar has rallied a bit during the trading session on Monday, as we are now clearly above the ¥107 level.

Bitcoin markets tried to rally during the trading session initially on Monday but has rolled over just a little bit to show signs of exhaustion.

The WTI Crude Oil market broke higher during the trading session on Monday, slicing through the downtrend line that we have seen, and now we are reaching towards the 200 day EMA.

The S&P 500 went back and forth during the trading session on Monday, as traders came back from the weekend.

Natural gas markets rallied a bit during the trading session on Monday, reaching towards the vital $2.60 level, which is not only a large, round, psychologically significant figure.

The NASDAQ 100 fell a bit during the trading session on Monday, reaching down towards the important 7800 level.

Gold markets initially tried to rally during the day on Monday but then drifted a little bit lower.

USDCAD: Still bearish below 1.3186

USDCHF Analysis: Bullish above 0.9946

GBPUSD: Weakly bullish above 1.2336

EURUSD: Bearish below 1.1020 / 1.1000