Forex Daily Forecast, Analysis and Prediction

BTC/USD: Centre of gravity at $10,700

The NASDAQ 100 has rallied a bit during the trading session on Monday as we are above the 50 day EMA.

The US dollar has gone back and forth during the trading session on Monday as traders came back to work.

The US dollar has gone back and forth against the Canadian dollar for the last several sessions, as we are reaching towards a significant level in the form of 1.3450 just above.

The S&P 500 has rallied again during the day on Monday, starting with the Globex session as Asians and European Union traders were jumping on risk appetite.

The Australian dollar has rallied a bit during the trading session on Monday as traders came back to work, using the 0.70 level underneath as support.

The Euro initially tried to rally during the trading session on Monday but gave back some of the gains towards the top of the range as the price looks to be a little bit gun shy when it comes to the 1.17 level.

The British pound shot straight up in the air during the trading session on Monday,

The West Texas Intermediate Crude Oil market continues to do very little as far as a range is concerned, as we have been dancing around the $40 level.

Silver markets have initially fallen during the trading session on Monday, only to turn around and rally a bit.

GBP/USD: Relatively high volatility

Gold markets have initially dipped during the trading session on Monday but found enough buyers underneath the turn things around and show signs of life.

EUR/USD: Resistance at 1.1688 looks pivotal

The USD/INR has produced a solid mid-term bearish trend, but the past week of trading has seen consolidated movement and a breakout higher.

Technical traders have been challenged by a wide range within the USD/SGD the past five days.