Forex Daily Forecast, Analysis and Prediction

USDCHF Analysis: Strong recovery from 0.9700 support area

GBPUSD: Still bearish below 1.2106

EURUSD: Range intact from 1.1163 to 1.1244

The steady performance of the EUR/USD on the daily chart foreshadows a stronger move ahead.

The GBP/USD performance today will be driven by the UK jobs and wages data and then the US inflation numbers.

With the beginning of this week's trading, the price of gold fell to the $ 1488support level , from which it started again to test stronger resistance areas up to the top of $ 1520 an ounce at the time of writing.

Ahead of the release of important and influential US inflation figures, USD / JPY continues its strongest losses, reaching the 105.04 support level and a seven-month low, before stabilizing around 105.27 at time of writing.

Silver: New 18-month high near $17.50

NZDUSD: Sitting heavy on 0.6444

AUDUSD: Consolidating above 0.6746

USDJPY: Bearish below 105.69.

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.