Forex Daily Forecast, Analysis and Prediction

The British pound initially tried to rally during the trading session on Monday but gave back the gains close to the 1.37 level yet again.

The S&P 500 fell rather hard during the trading session on Monday to test the 3800 level.

The US dollar fluctuated during the trading session on Monday, as it has been rather volatile in multiple markets.

Bitcoin markets have been all over the place during the trading session on Monday as it looks like we are looking to find direction.

Gold markets fluctuated during the course of the trading session on Monday to kick off the week, as we sit below the 50-day EMA still.

The Australian dollar has done very little during the trading session on Monday to kick off the week.

The West Texas Intermediate Crude Oil market has been somewhat quiet to kick off the week, essentially forming an inside candlestick from the perspective of the negative Friday candlestick.

Will the supportive trend line break down?

Bearish head & shoulders neckline at 1.3621 broken.

The EUR/USD is wavering today after the relatively weak German sentiment data signalled to a double-dip recession in Europe.

The BTC/USD retreated in overnight trading after a few days of sustained gains.

For three trading sessions in a row, upward momentum pushed gold towards the $1875 resistance level, confirming a bullish outlook.

The GBP/USD pair has been making steady, upward movements despite the US dollar’s ​​attempts to recoup its recent losses.

The USD/JPY currency pair is trying to correct higher, but attempts to rebound to the upside are still weak.

For four trading sessions in a row, the EUR/USD pair has been in an upward correctional range, which pushed it to the resistance level of 1.2190 before stabilizing around 1.2170.