Forex Daily Forecast, Analysis and Prediction

LINK/USD has been able to achieve some short-term gains and is within sight of the 20.00000 juncture, but the cryptocurrency remains within a rather tough bearish price range.

Within a span of five days of trading, the USD/MXN has asserted its bearish trajectory and is now challenging key support levels again.

After hitting a low of nearly 13.5000 on the 26th of June, DOT/USD has been able to move upwards and is testing short-term highs.

DOGE/USD has achieved a rather tight price range the past day-and-a-half of trading and this likely will deliver speculators an opportunity to wager.

0.7542 looks likely to be today’s pivotal point.

The euro fell a bit during the trading session on Monday but did recover some of the losses.

The British pound initially rallied during the trading session on Monday but has given up early gains to form a bit of a shooting star.

The CAC Index fell a bit during the trading session on Monday to kick off the week on the back foot, so it looks as if we are still trying to figure out whether or not the bottom of the ascending channel is going to hold.

The S&P 500 rallied a bit during the trading session on Monday to reach all-time highs yet again.

The NASDAQ 100 rallied rather significantly during the trading session on Monday to make fresh new highs yet again.

The question now is whether or not this momentum can continue, which quite frankly it needs to.

We are still very much in an uptrend, and that is the most important thing you should pay attention to.

Gold markets gapped just a little bit to the upside during the trading session on Monday to fill the gap, and then turned around to show signs of strength.

The US dollar rallied a bit against the South African rand during the trading session on Monday, as we have bounced from the 50-day EMA during the previous trading session.

As long as we stay above the $30,000 level, then there is still hope for a turnaround and a rally in the Bitcoin market.