Forex Daily Forecast, Analysis and Prediction

The USD/INR is near values traded last Wednesday, but what happened between then and now shows a large amount of volatility which is likely to continue.

The S&P 500 rallied during the trading session on Monday, slamming into the downtrend line that has been so crucial.

The NZD/USD is near the 0.65040 ratios as of this writing as the currency pair seemingly shows the ability to sustain higher values.

The West Texas Intermediate Crude Oil market has rallied slightly during the trading session on Monday, as we continue to try to break above the highs of the previous week.

Gold markets have gone back and forth during the choppy Monday session as we continue to see a lot of hesitation at this point.

The USD/CAD has gone back and forth during the trading session on Monday, as we continue to hang around the 1.3350 level.

The USD/JPY rallied during the trading session on Monday, as we continue to see the market showing signs of support underneath the ¥130 level.

The GBP/USD has gone back and forth during the session on Monday, as we continue to see a lot of noisy behavior.

The EUR/GBP rallied a bit during the trading session on Monday, to break into the previous bearish candle that had traders shorting.

The AUD/USD has broken above the 0.70 level, showing signs of strength yet again.

The Japanese yen drifted downwards against the US dollar on Tuesday morning as the market embraced a risk-on sentiment.

The EUR/USD price pulled back ahead of the upcoming European and American flash manufacturing and services PMI numbers.

The forex market has recently been characterized by an extremely weak US dollar, which has dropped against most developed country currencies, including the Aussie.

My previous GBP/USD signal on 17th January was not triggered, as none of the key levels were reached that day.

Last week's trading in its entirety was characterized by bulls dominating the performance of the EUR/USD currency pair.