Forex Daily Forecast, Analysis and Prediction

The US dollar is finally showing some weakness.

The S&P 500 pulled back a bit on Monday to show signs of weakness, but then turned around to show signs of life again.

The NASDAQ 100 initially pulled back on Monday but found enough support at the 50-day EMA to turn around and jump.

The FTSE 100 pulled back a bit on Monday but has also shown a bit of support underneath to turn things around.

The CAC 40 fell a bit on Monday to reach down towards the 6660 handle, but has shown some support as we are getting close to the 50-day EMA.

The West Texas Intermediate Crude Oil market rallied a bit on Monday, but as you can see, we have pulled back enough to form shooting star.

Gold markets fluctuated on Monday, stabilizing after the massive selloff that we had seen during the Friday session.

Silver markets fell a bit on Monday to reach down towards the $23 level but turned around to show signs of strength in order to form a bit of a hammer.

The Bitcoin market initially pulled back on Monday to sit just below the $60,000 level before turning around and showing life again.

The euro initially fell on Monday but turned around to show signs of stability again.

The British pound initially sold off on Monday but then turned around to show signs of life again as we bounced from both the 50-day EMA and the 1.37 level.

The GBP/USD was little changed on Tuesday morning as the market reflected on the impacts of the ongoing challenges in the global economy.

The BTC/USD price held steady as investors reacted to news that the Securities and Exchange Commission (SEC) had given a go-ahead to the first Bitcoin ETF.

Gold futures broke off a three-day winning streak and settled lower on Friday towards the $1,765 support, after touching the psychological top of $1,800 last session.

Despite mixed US retail sales figures, the USD/JPY remained stable around its gains of 114.40, nearly its highest level since October 2018.