Forex Daily Forecast, Analysis and Prediction

Silver had a bit of a rollercoaster ride during Monday's trading session. It initially slipped below the 50-Day EMA, causing some concern.

Pound is not one of the strongest currencies.

The US dollar initially tried to rally against the Swiss franc on Monday but gave back gains as we approach the 50-Day EMA.

In Monday's trading session, the British pound displayed a modest rally, but it continues to encounter significant overhead resistance.

In Monday's trading session, the British pound exhibited some upward momentum against the Japanese yen, amidst a backdrop of market volatility.

The NASDAQ 100 initially fell during the overnight trading but turned around to show signs of resiliency during the trading session on Monday.

The USD/JPY has showcased its resilience in recent trading sessions, consistently rebounding when it approaches the ¥150 level.

The EUR/USD pair rebounded in the American and Asian sessions as the bond market cooled down.

Bitcoin’s remarkable rally gained steam this week as investors remained optimistic about the crypto industry.

The AUD/USD exchange rate bounced back during the American and Australian sessions even as risks in the market eased.

The USD/JPY moved with gains towards the resistance level of 149.98, on the doorstep from the psychological resistance of 150.00.

The gains of the upward rebound of the GBP/USD currency pair did not exceed the level of 1.2191 before it closed trading around the level of 1.2160.

The price of the lira varied against the US dollar during early trading on Monday morning, as the Turkish currency stabilized near its lowest level ever against the US dollar.

The rebound gains for the EUR/USD did not exceed the resistance level of 1.0616 before it closed the week’s trading stable around the 1.0594 level.

The GBP/CHF initially fell during the trading session on Friday but then turned around to show signs of life.