Forex Daily Forecast, Analysis and Prediction

The Australian dollar rallied just a bit during the trading session on Monday again, as we continue to dance around the 50 day EMA.

The British pound continues to struggle yet again at the exact same place it has for several weeks, in the form of the 1.30 level.

The Euro rallied significantly during the trading session on Monday, testing the bottom of a trend line that had recently been important.

BTC/USD: Bought at $10k yet no real bullish momentum

GBP/USD: Pivotal point at 1.2906

The world celebrated the fact that the end of the world was not here due to the overly dramatic media reports of the demise of Donald Trump over the weekend.

EUR/USD: Looking relatively strong

Silver markets rallied a bit during the trading session on Monday, reaching towards the 50 day EMA.

The bitcoin markets have rallied a bit during the trading session on Monday to kick off the week, testing the 50 day EMA.

The West Texas Intermediate Crude Oil market rallied rather significantly during the trading session on Monday as traders came back to work.

Gold markets initially fell during the trading session on Monday, as we reached below the $1900 level before buying again.

EUR/USD attempts a bullish rebound in a limited range and did not exceed 1.1770 resistance after it retreated in the previous week to the 1.1612 support, its lowest level in more than two months.

For five consecutive trading sessions, the price of gold moved upwards with gains that reached $1917 an ounce during last Friday's trading.

The bulls tried to push the GBP/USD pair towards the 1.3000 psychological resistance during last week's trading.

The currency pair retreated to the 104.94 support, after attempts to rebound higher, and reached the 105.80 resistance.