Forex Daily Forecast, Analysis and Prediction

For three consecutive trading sessions, the GBP/USD price attempt, according to the performance on the daily chart, crossed the 1.2670 resistance to complete the bullish correction path that started at the end of June trading.

After mentioning in the technical analysis that the USD/JPY pair has reached strong oversold areas, it’s recent levels are the best ones for selling.

After testing short term support levels in early trading yesterday, the USD/MXN has reversed as solid bullish momentum has surged.

The Indian Rupee continues to experience a loss of value to the US Dollar.

The USD/SGD has seen buying emerge early this morning as the forex markets likely reacted to economic data published in Singapore which shows its economic growth took a huge hit statistically.

AUD/USD: More bearish below 0.6925

Gold remains within the highest levels of its short term range but has seen profit-taking emerge after testing new highs.

USD/JPY: Yen and Dollar moving in tandem

BTC/USD: Bulls and bears evenly matched within narrowing triangle

Pakistani Prime Minister Imran Khan approved a review of regulatory restrictions to tab the full economic potential, and digitalizing sectors remains a priority.

Frustrated South African President Cyril Ramaphosa revised the conditions to the level three Covid-19 restrictions to ban the sale of alcohol to prevent related hospital submission.

GBP/USD: Yet 1.2500 supportive area may produce bullish reversal

EUR/USD: Today’s pivotal point likely at 1.1321

Silver markets have rallied again during the trading session on Monday to kick off the week but gave back quite a bit of the gains late in the day as the US dollar suddenly surged in value.

The British pound initially rallied during the trading session on Monday but found the 1.2650 level to be a bit too restrictive to get over.