Forex Daily Forecast, Analysis and Prediction

The bitcoin markets rallied against the US dollar during trading on Monday, gaining over 4%.

The US dollar initially fell during trading on Monday against the Japanese yen but has found a bit of support based upon the previous downtrend line which is the top of the overall wedge that we have just broken out of.

The S&P 500 was slightly negative during the trading session on Monday as traders came back to work,

The WTI Crude Oil market pulled back initially during trading on Monday but found enough support underneath at the $72.50 level.

Gold prices slipped 0.78% to their lowest level in 6-1/2 months on Monday, weighed down by a rising dollar.

The Euro has been grinding sideways during most of the month of June, as May was absolutely atrocious for the common currency.

The Australian dollar has been very noisy during the trading for the month of June.

The US dollar has had a very active and busy month against the Japanese yen, essentially consolidating between the 109 young level on the bottom and the ¥111 level on the top.

The British pound has been a bit negative during the month of June but has found support at the all-important 1.30 level to turn around of form a massive hammer for the last week.

We believe that we are going to have a month that is initially bearish, but I would expect the buyers to return.

Get the NZD/USD Forex signal for July 2, 2018 here.

Get the AUD/USD Forex signal for July 2, 2018 here.

Get the USD/JPY Forex signal for July 2, 2018 here.

Get the BTC/USD Forex signal for July 2, 2018 here.

Get the USD/CAD Forex signal for July 2, 2018 here.