Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 traded in very thin electronic trading on Labor Day, gapping lower in reaction to the US and China slapping tariffs on each other.

Natural gas markets have rallied a bit during the trading session on Monday, but keep in mind that these trades were done in a very thin market.

Gold markets have been somewhat quiet during the trading session on Monday, which isn’t a huge surprise considering that it was Labor Day in the United States.

After price action in the AUDUSD was rejected by its 61.8 Fibonacci Retracement Fan Resistance Level, bearish pressures mounted and a sell-off followed.

Silver: Consolidating triangle below $18.50

NZDUSD: Bullish inner trend line break

AUDUSD: Weakly bearish below 0.6750

USDJPY: Messy and hard to predict

Bitcoin: Bearish below $10,000

The Euro has broken down significantly during the Friday session, slicing through the 1.10 EUR level.

USDCHF Analysis: Short-term bullish trend

GBPUSD: More bearish as no deal Brexit becoming more likely

EURUSD: New 2-year low prices below 1.1000

The US dollar has been back and forth against the Japanese yen for some time now, and I think that will continue to be the case as we head towards Labor Day in the United States on Monday.

The WTI Crude Oil market initially tried to rally on Friday but then broke down below the 50 day EMA.