Forex Daily Forecast, Analysis and Prediction

In the last two trading sessions of last week, the price of the USD/JPY currency pair was subjected to selling operations that pushed it toward the support level at 141.55, based on the resistance level of 143.88.

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.