Forex Daily Forecast, Analysis and Prediction

The US dollar broke higher to test the 1.3050 level on Monday but then turned around to show signs of exhaustion.

The S&P 500 fell again Monday as traders around the world sold stocks.

The euro broke down significantly Monday as we have broken through the bottom of a hammer on Friday.

The Australian dollar fell hard Monday to break through the 0.6750 level.

The FTSE 100 initially dropped to the 7100 level Monday only to turn around and show signs of life.

The Bitcoin market drifted a little lower on Monday as we are looking at the $20,000 level as a potential support area yet again.

Ethereum drifted a little bit lower on Monday as traders came back to work.

The gold markets fell a bit on Monday as we continue to hang about the $1740 level.

The GBP/USD sell-off gained steam during the American and Asian sessions as the US dollar strength continued.

The BTC/USD pair pulled back but remained in a tight range as investors waited for the upcoming bank earnings season.

The AUD/USD crashed to the lowest level since June 2020 as the US dollar continued its strength.

After reversing from its highs achieved last week, the USD/CAD has found what appears to be durable short-term support and moved upwards this morning.

The past few days of trading have seen ETH/USD falter as speculative resistance has proven durable and an erosion of value threatens again.

The Dow Jones Industrial Average continues the corrective rise during its recent trading at the intraday levels, very slightly.

Last week’s trading on natural gas prices ended lower on Friday, as the spot natural gas prices decreased in their recent trading at the intraday levels.