Forex Daily Forecast, Analysis and Prediction

The USD/SGD is trading near the 1.34770 mark as of this writing which continues to display some bearish sentiment over the past few weeks.

The Aussie dollar has gone back and forth during the course of the trading session on Monday as we continue to suggest that maybe the market's getting a little bit overdone.

While USD weakness has become a theme in the broad Forex market the past few weeks, the USD/BRL has seen a choppy trend develop lower.

The British pound continues to grind higher against the Swiss Franc, but we did run into a little bit of resistance above.

The Canadian Dollar has been consolidating for several days below a key resistance level.

The British pound has rallied significantly during the early hours on Monday, as we have now broken above the ¥198 level.

The British pound has rallied slightly during the trading session on Monday as it looks like we are threatening the 1.27 level.

The US dollar initially crashed during the early hours of Monday, but it looks like the 90 rubles level will continue to be important.

The gold market shot higher during the Monday trading session, as news got out that the Iranian president was killed in a helicopter crash.

The Parisian CAC of course did rally during the early hours on Monday, but we also gave back about half of the gains.

Bitcoin continues to hang around the $67 level and I think this is an area where we have seen a lot of problems.

The silver market initially shot higher in the early hours on Monday, reaching the $32.50 level before collapsing again.

The GBP/USD exchange rate was stuck at a crucial resistance level as the recent bull run faded.

The EUR/USD was flat on Monday and Tuesday morning.

Yet lower high suggests we might be moving into a more bearish phase.