Forex Daily Forecast, Analysis and Prediction

At the end of last week's trading, the price of the EUR/USD tried to compensate for some of its sharp losses, which pushed it toward the support level of 1.0912.

The USD/MXN went from testing long-term lows early last week to suddenly finding volatile trading conditions upwards and challenging upper-tier resistance.

The USD/ZAR has climbed higher and sustained a stronger price range since early last week, and speculators should expect more volatility in the currency pair.

The USD/TRY stabilized, trading near new all-time highs.

Bullish head and shoulders pattern with neckline at $1.2808

The EUR/USD pair bounced back after the latest US non-farm payrolls (NFP) data showed that the labor market was softening.

The BTC/USD pair remained in a consolidation phase on Monday as demand and volatility slipped.

The AUD/USD exchange rate moved sideways on Monday morning as traders assessed the impact of last Friday’s US non-farm payrolls (NFP) data on the Federal Reserve.

The overall sentiment for oil appears bullish, with indications pointing towards further upside potential.

The British pound has displayed resilience, experiencing a modest rally in the face of cooler US jobs data

A potential breakout above the top of the candlestick could propel the British pound towards the ¥183.50 level.

As an expert in the financial trading space, I am observing the market for signs of exhaustion that could potentially trigger a bearish move in the AUD

Traders should be cautious, recognizing the inherent volatility of the USD/JPY currency pair.

In recent trading sessions, the EUR/USD has demonstrated resilience despite slightly weaker-than-expected jobs data in the United States.

The S&P 500's inherent tendency to rise over the long term has created a favorable environment for this type of trading strategy.