Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market has pulled back a bit during the course of the trading session on Monday to show signs of weakness.

The market has broken significantly below the 50 day EMA and the previous uptrend line, but more importantly has closed at the very bottom of the range.

The NASDAQ 100 has broken down significantly on Monday, to slice through the 50 day EMA and approached the 14,800 region.

The USD/CHF has climbed to new short-term highs in early trading today as the Forex pair is within sight of springtime ratios.

The USD/ZAR continues to mount additional highs in early trading this morning as bullish momentum has taken on a rather fast pace.

The USD/SGD has seen a bullish surge emerge the past week and it has gained velocity today as important mid-term resistance levels come into sight.

The price is bearish below $45,326.

ETH/USD skidded to short-term lows late last night and is traversing a range which may make bullish speculators more nervous.

The pair is trading at 3-week lows.

The Bitcoin market initially tried to rally on Friday but gave back early gains to form a shooting star.

The Australian dollar rallied a bit on Friday as the 0.73 level continues to be important.

The gold markets rallied significantly on Friday but gave back the gains to show signs of exhaustion.

The British pound initially tried to rally on Friday but gave back gains as we approached the 50-day EMA.

The euro rallied initially on Friday but continues to find massive amounts of selling pressure above.

The NASDAQ 100 fell significantly on Friday, but you should keep in mind that it is “quad witching”, meaning that several options are expiring at the same time.