Forex Daily Forecast, Analysis and Prediction

With the beginning of this week's trading, the price of gold fell to the $ 1488support level , from which it started again to test stronger resistance areas up to the top of $ 1520 an ounce at the time of writing.

Ahead of the release of important and influential US inflation figures, USD / JPY continues its strongest losses, reaching the 105.04 support level and a seven-month low, before stabilizing around 105.27 at time of writing.

Silver: New 18-month high near $17.50

NZDUSD: Sitting heavy on 0.6444

AUDUSD: Consolidating above 0.6746

USDJPY: Bearish below 105.69.

Bitcoin: Bearish wedge remains supported by $11,112

The British pound gapped higher to kick off the trading session on Monday, but then rolled over to test the 1.20 level later on.

The Australian dollar initially tried to rally during the Monday session but found the 0.68 level to be far too much in the way of resistance to continue going higher.

The Euro has continued to show a lot of volatility, as we continue to dance around the 50 day EMA.

The S&P 500 initially tried to rally during the trading session on Monday, reaching towards the 50 day EMA before rolling over and falling rather significantly.

The West Texas Intermediate Crude Oil contract had a choppy session on Monday as traders came back from the weekend.

The NASDAQ 100 has fallen a bit during the trading session on Monday after initially trying to rally.

Natural gas markets continue to look very sluggish, and quite frankly probably will continue to offer selling opportunities every time it bounces.

The Bitcoin market pulled back from the psychologically important $12,000 handle to kick off the week on Monday, showing just how important and how difficult the $12,000 level is going to be.