Forex Daily Forecast, Analysis and Prediction

Bitcoin is positioned to extend its bearish chart pattern after price action was rejected by its short-term resistance zone.

The weakening of the US dollar and the renewed global trade and geopolitical tensions were catalysts for the USD/JPY pair to correct lower towards the 108.62 support.

Renewed anxiety in the markets and investors ’escape from risk in the final hours of 2019 trading.

The overwhelming conservative victory in the early general elections in Britain made them more powerful and fierce in dealing internally and externally.

For the third consecutive day, the EUR/USD pair continues to benefit from the weakening of the dollar and moves through the 1.1200 psychological resistance.

AUDUSD: Strongly bullish

USDJPY: Bearish below 108.77

Bitcoin: Bearish head & shoulders would complete below $7,000

Brexit is thirty days away, but the UK will remain under EU rules and regulations until the transition period is concluded on December 31st 2020.

The West Texas Intermediate Crude Oil market went back and forth during the trading session on Monday, showing signs of exhaustion at the $62.50 level,

Bitcoin has rallied a bit during the trading session on Monday, breaking above the $7250 level and even reaching above the $7500 level initially before pulling back and showing signs of exhaustion.

The US dollar has broken down significantly during the trading session on Monday as traders came back from the weekend.

The S&P 500 pulled back a bit during the trading session on Monday, as traders came back from the weekend.

The NASDAQ 100 has broken down a bit during the trading session on Monday as traders have fulfilled the target based upon the ascending triangle underneath.

The British pound rallied a bit during the trading session on Monday after the traders came back from the weekend, but ultimately this looks like a scenario where we are going to try to continue to break to the upside.