Forex Daily Forecast, Analysis and Prediction

The USD/MXN has produced some downward movement the past few days of trading and is hovering within sight of the important 20.00000 price.

The USD/SGD has produced a difficult month of trading for speculators the past month, but the Forex pair has now reentered bearish territory again with value below the 1.33000 mark.

The technical picture is now considerably more bullish as the U.S. dollar has begun to weaken everywhere.

For three trading sessions in a row, gold benefited from the weakness of the US dollar after the disappointing US employment figures were released.

For the third day in a row, the USD/JPY is moving lower due to profit-taking.

The GBP/USD began this week on a bullish note, settling around the 1.3788 resistance level as of this writing, its highest since April 2018.

For three trading sessions in a row, the EUR/USD pair is moving in an upward correction range, settling around the 1.2085 level.

The euro rallied again on Monday as we seem to be lacking any real decisive action yet again.

The British pound pulled back a bit during the trading session on Monday but has turned around to show signs of strength yet again.

The FTSE 100 gapped higher to kick off the trading session on Monday to reach towards the recent highs but gave back some of the gains.

The NASDAQ 100 rallied again during the trading session on Friday as it typically does.

The S&P 500 continued to rally during the trading session on Monday, breaking towards the 3900 level.

Bitcoin has broken out during the trading session on Monday, clearing the $40,000 level rather quickly.

The gold markets recaptured the 200-day EMA during the trading session on Monday to kick off the week on a positive note.

The price may now be close to running out of room to rise as it approaches a confluence of resistance at 1.2100.