Forex Daily Forecast, Analysis and Prediction

On the gold daily chart, price is moving in a narrow and limited range despite the announcement of important economic data and global developments

For three consecutive trading sessions, the USD/JPY is trying to breach the 109.70 resistance to complete the general trend reversal.

The Australian dollar is highly sensitive to the US/China trading situation, and as we reached the “phase 1 deal”, one would think that the Australian dollar would have shot higher in the air.

The US dollar has rallied a bit during the trading session on Monday but continues to look a little bit hesitant to try to break out against the Japanese yen.

AUDUSD: Weakly bearish below 0.6862

USDJPY: Bullish above 109.50

The Euro has rallied a bit during the trading session on Monday, reaching above the 200 day EMA initially.

The British pound has rallied rather significantly during the trading session on Monday again, but could not keep the main bulk of the gains,

The S&P 500 has rallied a bit during the trading session on Monday, hitting the projected 3200 level based upon the ascending triangle underneath.

The NASDAQ 100 has rallied significantly during the trading session on Monday, leaving the 8500 level behind.

The West Texas Intermediate Crude market did rally a bit during the trading session on Monday to kick off the week but as you can see, we have a lot of noise just above that extends all the way to the $62.50 handle.

Bitcoin has fallen again during the trading session on Monday, to kick off the week.

Natural gas markets have rallied nicely during the Monday session to kick off the week, reaching above the $2.35 level.

Gold markets initially tried to rally during the trading session on Monday but as you can see gave back quite a bit of the gains.

Bitcoin is leading most of its peers to the downside, and Litecoin experienced another drop to the downside.