Forex Daily Forecast, Analysis and Prediction

XRP/USD: Can rally extend into its resistance zone?

The NASDAQ 100 tried to rally during the trading session on Monday, indeed keep some of the gains after gapping lower.

The WTI Crude Oil market initially shot higher during the trading session on Monday, breaking above the top of the shooting star shaped candle stick from the Friday session

Natural gas markets gapped slightly lower to kick off the trading session on Monday, and then fell towards the $2.30 level.

Gold markets fell hard during the trading session on Monday to kick off the week, crashing through the $1500 level.

The US dollar has gapped higher to kick off the week against the Mexican peso, and then broke above the 50 day EMA.

The Euro initially was all over the place during the trading session on Monday but was essentially chopping around and floundering more than anything else.

The British pound has gone back and forth during the trading session on Monday after initially gapping lower, as the market simply doesn’t know what to do right now.

The US dollar has initially gapped lower during the trading session on Monday, but then broke towards the 50 day EMA above.

The Australian dollar initially gapped lower to kick off the trading week, as we continue to dance around the 0.6750 level.

The S&P 500 initially gapped lower during the trading session on Monday in the futures market, broke higher, clearing the 50 day EMA before turning around.

CAD/CHF: More upside to follow breakout

GBP/JPY: Is a breakout pending?

AUD/USD: Bullish momentum is on the rise

There were technical sell-off in USD/JPY, as it failed again to breach the 108.50 resistance level and for four trading sessions in a row.