Forex Daily Forecast, Analysis and Prediction

BTC/USD: Weakly bullish above support at $9,141

USD/JPY: Resistance at 109.24 in focus again

The NASDAQ 100 has rallied quite nicely during the trading session on Monday as traders came back to work but having said that it’s likely that we continue to struggle in general.

The Australian dollar has been extraordinarily negative for some time, and right now it looks as if we are getting ready to test an extraordinarily crucial level underneath.

The US dollar has bounced a bit during the trading session on Monday to open up the week, using the 200 day EMA and the uptrend line to offer support.

The S&P 500 did rally a bit during the trading session on Monday, but only recovered about half of the losses that the market had seen on Friday.

UK Prime Minister Johnson left the door open for a hard Brexit, as the transition period started.

While the long-term prospects for Litecoin remain bullish, a short-term corrective phase is shaping up.

GBP/USD: Supportive trend line broken

The West Texas Intermediate Crude Oil market fell rather hard after initially trying to climb on Monday.

Bitcoin went back and forth during the trading session on Monday, as we continue to see a lot of noise when it comes to financial markets in general.

EUR/USD: Trendless conditions

Natural gas markets have been a complete disaster this winter, and with temperatures in the United States still very mild it’s difficult to imagine a scenario where suddenly the market will spike

With traders already discounting the negative impact of the spreading coronavirus, the Japanese Yen is losing support.

Gold markets fell hard from the $1600 level during trading on Monday, as it looks likely to continue to find buyers on dips.