Forex Daily Forecast, Analysis and Prediction

Gold markets fell a bit during the trading session on Monday, reaching down towards the $1500 mark.

The British pound initially pulled back during Monday’s trading session, reaching down towards the 1.21 handle.

The Euro initially rallied during the trading session on Monday, breaking above the 1.11 EUR level.

The Bitcoin market initially tried to fall again during the trading session on Friday, but as we have seen over the last several days, buyers continue to jump in and push this market higher. At this point, the market has been testing a major support level over the last several days.

The Australian dollar initially tried to rally during the trading session on Monday, showing signs of exhaustion near the 0.68 handle.

NZDUSD: Still bearish below 0.6448

AUDUSD: 0.6746 area remains pivotal

USDJPY: Bulls face test at 106.73

Bitcoin: Bulls face major test at $10,913

USDCAD: Bulls looking to 1.3250

USDCHF Analysis: Bulls failing at 0.9800 area

GBPUSD: Surprisingly bullish above 1.2138

EURUSD: Bearish trend below 1.1117

The US dollar tried to rally against the Japanese yen early in the day on Friday but has continued to find sellers on rallies.

The WTI Crude Oil market initially tried to rally during the trading session on Friday but then turned around to form a bit of a shooting star.