Forex Daily Forecast, Analysis and Prediction

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.

The US economy succeeded in adding more new jobs in the non-farm sector than expected in June, thus boosting support for the US dollar.

The Japanese yen is still stronger and the USD bullish correction attempts didn’t pass the 108.63 resistance, and the USD/JPY settled again around 108.30 at the time of writing.

NZDUSD: Ranging between 0.6600 and 0.6730

AUDUSD: Ranging from 0.6950 to 0.7050

USDJPY: Ranging between 107.50 and 108.75

Bitcoin: Consolidating triangle above $10,805

USDCAD: Bearish trend halted at 1.3055?

USDCHF Analysis: Slow medium-term bullish movement

GBPUSD: Pound hits multi-month low price as Brexit looms

EURUSD: Bearish move halted by 1.1206

The Euro fell significantly during the trading session on Friday, slicing through the 50 day EMA which is a very negative sign.