Forex Daily Forecast, Analysis and Prediction

The US dollar pulled back just a bit during the trading session on Monday, but at this point in time, it looks like we have plenty of support underneath to turn things around into signs of life.

The Aussie dollar rallied quite nicely early during the trading session on Monday as we continue to range-bound trade overall.

On last Tuesday the USD/BRL climbed to a high above the 5.0500 mark briefly, this tested values not seen since late October in 2023.

Silver has shown itself to be rather stable during the early hours on Monday as we continue to see a lot of back and forth.

The USD/SGD has seen plenty of volatility the past week of trading.

The Swiss franc stabilized a bit against the Japanese yen during the session on Monday.

The euro has gone back and forth during the course of the trading session on Monday, as the British pound is struggling to break out.

The British pound has rallied significantly during the course of the session on Monday.

The British pound has rallied significantly during the trading session on Monday, as it looks like the uptrend against the Swiss franc will continue.

Overall, the Canadian dollar is a bit lackluster.

Bitcoin, as you can see, has been rallying for a significant amount of time, but in the last couple of days, we have gone back and forth to show signs of noisy trading.

The GBP/USD exchange rate rebounded as the US dollar index (DXY) retreated after surging hard last week.

Bitcoin continued its strong recovery on Tuesday morning.

The AUD/USD recovered slightly as investors bought last Friday’s dip.

Descending trend line confluence with resistance at $1.0920.