Forex Daily Forecast, Analysis and Prediction

The gold market exhibited strength as it opened on Monday, gapping to the upside and signaling potential bullish momentum.

Recently, the currency pair rebounded upward, breaching the psychological resistance of 150.00 again, settling around the resistance level of 150.31.

In Monday's trading session, the EUR/USD exhibited a back-and-forth pattern, leaving traders with numerous questions centered around the critical 1.06 level.

The AUD/USD demonstrated resilience at the start of the trading session on Monday, indicating a potential resurgence for the week.

Monday's trading session saw a consolidation trend continuing within the crude oil markets, with a slight negative inclination.

In Monday's trading session, the GBP/USD initially exhibited a slight retreat but swiftly reversed course, displaying signs of life again.

On Monday, the British pound showcased strength during the trading session, maintaining its position above the consolidation area’s lower boundary.

In Monday's trading session, the USD/JPY initially faltered but swiftly reversed course, displaying renewed strength.

Medium-term range between $0.6400 and $0.6275.

The GBP/USD exchange rate drifted upwards in the overnight session as the US dollar index (DXY) took a breather.

The EUR/USD pair bounced back on its final trading day of the month as the market watched the ongoing war between Israel and Hamas.

Bitcoin price moved sideways on Tuesday even as investors moved to relatively risky assets.

The price of the lira stabilized against the US dollar during early trading on Monday morning, with the pair trading near its highest levels ever.

Gold futures prices rose above the psychological resistance level of $2,000 per ounce, affected by fear trading after the escalation of the war in Israel.

During last week's trading, the bulls' attempts to push the EUR/USD pair higher failed, as the gains did not exceed the resistance level of 1.0695.