Forex Daily Forecast, Analysis and Prediction

USDCAD: Bearish trend halted at 1.3055

USDCHF Analysis: Bulls push price up to long-term resistance area

GBPUSD: Bearish pressure on 1.2500

The Euro initially tried to rally during the day on Monday, but then broke down towards the 1.2 level underneath.

The Australian dollar initially tried to rally during the trading session on Monday as traders came back to work, in a bit of an attempt to show “risk on.”

The US dollar initially dropped a bit during the beginning of the week, showing signs of weakness.

The US dollar has gone back and forth against the South African Rand during trading on Monday as we continue to hang about the support level underneath.

Natural gas markets gapped higher to kick off the week on Monday, and even managed to clear the 50 day EMA.

The WTI Crude Oil market rallied initially during the trading session on Monday but as you can see gave back quite a bit of the gains and ended up forming a bit of a shooting star.

The stock market pulled back a bit to begin the week on Monday, and that of course includes the S&P 500 index.

The NASDAQ 100 has fallen a bit during the trading session on Monday to kick off the week, reaching down towards the 7800 level which is an area that coincides nicely with the downtrend line that I have drawn on the chart.

The British pound went back and forth during trading on Monday as we continue to hover just above the 1.25 handle.

Gold markets initially tried to rally during the trading session on Monday but gave back the gains to form a less than attractive looking candle stick from the bullish sign.

For three consecutive trading sessions, the price of an ounce of gold moved in a bearish correction from the $ 1428 resistance level to reach $ 1410 per ounce

Employers in the United States sharply intensified their employment during June, adding 224,000 new jobs, underscoring the strength of the US economy after more than a decade of steady growth.