Forex Daily Forecast, Analysis and Prediction

The British pound has pulled back a bit from the 200 day EMA on Monday, as we continue to see a lot of noise.

The US dollar is likely to find pressures going higher, as the 200 day EMA is sitting at the ¥108.60 level.

The Euro went back and forth during the trading session on Monday, showing signs of confusion and exhaustion.

The Australian dollar has gone back and forth during the trading session on Monday, as the market is testing the 50 day EMA.

Cautious optimism in regards to Brexit starts to establish, but with the EU summit only two days away it remains an unlikely breakthrough to accomplish as divisions remain.

USDCAD: Today’s pivotal point likely to be 1.3240 / 50

USDCHF Analysis: Trendless ranging price action

GBPUSD: Volatility expected

EURUSD: Weakly bullish above 1.1018

Risk-off sentiment is slowly returning after the initial euphoria that a partial trade deal has been announced between the US and China.

After the release of the RBA minutes from its latest meeting, the Australian Dollar was able to maintain its bullish bias.

As Bitcoin struggles to gain traction, Litecoin has been able to use its 8th anniversary and push back above its 38.2 Fibonacci Retracement Fan Resistance Level

By the end of last week's trading, the price of gold suffered the strongest losses that pushed it towards the $1474 support

The GBP/USD pair gained 2.5% over the course of last week's trading, supported by growing expectations for a possible Brexit deal.

It was normal for the EUR/USD to move up to the 1.1062 resistance during the week's trading in light of the optimism that prevailed in the financial markets