Forex Daily Forecast, Analysis and Prediction

Natural gas markets fell a bit during the trading session on Monday to kick off the week, testing the 200 day EMA.

Gold markets pulled back a bit during the trading session on Monday to kick off the week, as there were reports that the United States and China had a very “constructive phone call” over the weekend.

The Euro rallied a bit during the trading session on Monday to kick off the week, reaching towards the 1.11 level.

Bitcoin has initially tried to rally during the trading session on Monday, but then rolled over again as we continue to see a lot of negativity.

The Australian dollar has gone back and forth during the trading session on Monday again, as the trade war continues to cause major issues.

In the last two trading sessions of last week, the EUR/USD pair tried to correct higher, but the gains did not exceed the 1.1056 level and ended the week's trading near it.

Throughout last week's trading, the GBP/USD pair had a bullish correction to the 1.2918 resistance amid continued optimism that the Conservatives could win a landslide victory

Despite the recent bounce attempts by gold prices, which reached during last week's trading to the $1475 level, in a correction attempt after the price hit the $1446 support,

Investors' risk appetite weakened recently, supporting the USD/JPY drop to 108.23 support, but succeeded in closing the week around 108.80 resistance.

NZDUSD: Bulls losing momentum

AUDUSD: Weakly bullish above 0.6822

USDJPY: Ranging environment

Bitcoin: Wide bearish price channel persists

Over the weekend, the cryptocurrency market was faced with record low volume for 2019, led once again by Bitcoin which continues to pressure the entire sector to the downside.

As the risk-on mood is temporarily decreasing demand for safe-haven assets like gold and the Swiss Franc, more upside is expected in the CAD/CHF after the breakout