Forex Daily Forecast, Analysis and Prediction

Bitcoin: Strong bullish breakout beyond $10k continues

Despite six consecutive trading sessions where the GBP/USD managed to achieve bullish correction reaching the resistance level of 1.2765

A stronger bearish momentum ahead for the USD/JPY pair, and therefore, tested support level of 106.77, the lowest in more than five months ahead of Powell's comments.

Since the beginning of this week's trading, the EUR/USD pair is continuing making gains, reaching towards the 1.1411 resistance level at the time of writing, the highest level in three months.

Continuing global trade and political tensions along with the falling US dollar means further gains for gold prices, which reached the resistance level of $ 1439 an ounce in early trading

USDCAD: Bearish consolidation below 1.3225

USDCHF Analysis: Strong Franc making new multi-month highs

GBPUSD: Short-term bullish above 1.2760

EURUSD: Bullish break to new 3-month high price

The EUR/USD pair has rallied a bit during the trading session on Monday to kick off the week, as we extend the run above the 200 day EMA.

Bitcoin rose yet again during the trading session on Monday, as we are well above the $10,000 level now.

The US dollar has rallied a bit during the trading session on Monday but given back quite a bit of the gains.

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

The WTI Crude Oil market has gone back and forth during the trading session on Monday, as we go back and forth at the 50 day EMA, an area that of course will attract a lot of attention.

Gold markets rallied again during the day on Monday, breaking the highs from the Friday session.