Forex Daily Forecast, Analysis and Prediction

Bitcoin initially tried to rally during the trading session on Monday but as we have seen so many times, simply rolled over and started to sell off yet again.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Monday, breaking above the 50 day EMA, and therefore it’s a very bullish sign initially

Gold markets have rolled over initially during the trading session on Monday but have continue to find support at the same levels again.

AUDUSD: Strongly bullish move on Chinese data / rate hold

USDJPY: Long-term bullish breakout failed

Ripple continues to be exposed to bearish pressures, after the breakout in the XRP/USD above its support zone was reversed.

Tensions between NATO members France and Turkey have intensified with leaders from both countries lashing out in public.

Bullish momentum collapsed after the NZD/JPY pushed into its resistance zone and a breakdown is anticipated to follow.

As expected, the Reserve Bank of Australia kept its benchmark interest rate unchanged at 0.75%.

Bitcoin: Consolidating between $7,459 and $7,192

GBPUSD: Weakly bullish within 1.2750 – 1.3000 range

EURUSD: Resistance at 1.1093 looks pivotal

Volatility in the cryptocurrency market remains elevated and while a broadly bearish bias has been established, the LTC/USD may be on the verge of another push to the upside.

AUDUSD: Bulls break above bearish trend line

USDJPY: Long-term slow bullish breakout