Forex Daily Forecast, Analysis and Prediction

Since the beginning of this week’s trading, the performance of the EUR / USD pair, as we expected, was in a limited range.

The price of gold today succeeded in confirming the break of the uptrend which lasted for 17 consecutive trading sessions.

With the announcement of the results of the UK's GDP growth and manufacturing output, we have noticed negligence from the GBP / USD performance, as the Brexit developments are the most influential on the GBP trends.

For the fifth day in a row, USD / JPY continues the upward correction with gains reaching the 107.50 resistance level recorded at the time of writing, the highest in a month.

NZDUSD: Bulls failing to make new highs

AUDUSD: Bulls failing to make new highs

USDJPY: More bullish above 107.26

Bitcoin: Bearish consolidation below $10,500

The Euro initially tried to rally during the day on Monday but ran into trouble at the same general region than that we have seen it roll over recently.

The Australian dollar has look very good for the last five sessions, but the one thing that continues to be an issue is that the market can’t go in one direction forever.

The British pound went back and forth during the trading session on Monday, as we continue to dance around the 50 day EMA.

The US dollar has rallied a bit during the trading session on Monday, as we are now clearly above the ¥107 level.

Bitcoin markets tried to rally during the trading session initially on Monday but has rolled over just a little bit to show signs of exhaustion.

The WTI Crude Oil market broke higher during the trading session on Monday, slicing through the downtrend line that we have seen, and now we are reaching towards the 200 day EMA.

The S&P 500 went back and forth during the trading session on Monday, as traders came back from the weekend.