Forex Daily Forecast, Analysis and Prediction

Bitcoin: Bearish wedge remains supported by $11,112

The British pound gapped higher to kick off the trading session on Monday, but then rolled over to test the 1.20 level later on.

The Australian dollar initially tried to rally during the Monday session but found the 0.68 level to be far too much in the way of resistance to continue going higher.

The Euro has continued to show a lot of volatility, as we continue to dance around the 50 day EMA.

The S&P 500 initially tried to rally during the trading session on Monday, reaching towards the 50 day EMA before rolling over and falling rather significantly.

The West Texas Intermediate Crude Oil contract had a choppy session on Monday as traders came back from the weekend.

The NASDAQ 100 has fallen a bit during the trading session on Monday after initially trying to rally.

Natural gas markets continue to look very sluggish, and quite frankly probably will continue to offer selling opportunities every time it bounces.

The Bitcoin market pulled back from the psychologically important $12,000 handle to kick off the week on Monday, showing just how important and how difficult the $12,000 level is going to be.

The US dollar has fallen during most of the trading session on Monday, testing the crucial and psychologically important ¥105 level.

Gold markets have initially pulled back during the trading session on Monday to kick off the week, testing the $1500 level for support.

USDCAD: Ranging from 1.3185 to 1.3272

USDCHF Analysis: Price back up above 0.9700 support level

GBPUSD: Bearish below 1.2106

EURUSD: Still ranging from 1.1163 to 1.1244