Forex Daily Forecast, Analysis and Prediction

The AUD/USD exchange rate remained in a consolidation phase.

The EUR/USD currency pair continued its downward trend last week.

The dollar/lira pair rose in early trading on Monday morning.

Recent attempts to break the upward trend of the USD/JPY currency pair failed.

At the end of trading last week, the gold price rose to the resistance level of $2088 per ounce, starting from the level of $2038 per ounce in the same trading session.

The currency pair has been able to continue to display an ability to correlate to the global Forex market in a rather significant manner.

The US dollar strength helped the bears move the GBP/USD currency pair to the psychological support level of 1.2600 and closed trading around 1.2650 last week.

The USD/ILS has taken another turn lower in trading this morning.

The S&P 500 rebounded on Friday, and the general outlook remains positive.

Silver appears to be consolidating and may be establishing a case for positive pressure in the longer run.

The US dollar continued to find buyers on every downturn, and it rose early in Friday's trading session.

Natural gas is currently attempting to establish some kind of base, but it will undoubtedly be a very noisy market as is customary.

Friday's gold market surge is still going strong.

We would not be a seller of this market but do suspect that we will probably get a little bit of a pullback. Find out why.

The Australian dollar is still behaving erratically, as we are currently between significant resistance and support.