Forex Daily Forecast, Analysis and Prediction

The GBP/USD kicked off the week at the 1.3602 support, it's lowest of the year, but gained momentum and moved up to the 1.3747 resistance level as of this writing.

The EUR/USD was quick to recover after the recent turmoil in the global markets.

0.7250 may act as strong resistance.

Ethereum has produced astonishing consolidated and tranquil trading results the past handful of days and this may attract speculators.

The US dollar got hammered on Monday against the Canadian dollar as the crude oil markets took off.

The West Texas Intermediate Crude Oil market rallied significantly on Monday, reaching above the $65 level.

Bitcoin broke above the $50,000 level on Monday but then pulled back to form a bit of a shooting star.

The NASDAQ 100 rallied significantly on Monday as we continue to see plenty of momentum jump to the upside ahead of the Jackson Hole meeting.

The S&P 500 rallied significantly again on Monday, as it looks like traders are trying to price in the idea of the Federal Reserve pausing tapering.

The 1.1750 level is holding as resistance.

The British pound rallied quite significantly on Monday as traders sold off the US dollar in general.

Gold markets rallied significantly on Monday to break above the 50-day EMA, and closing towards the top of the candlestick is a very positive sign.

The Australian dollar rallied significantly on Monday, as we have seen the 0.71 level offer quite a bit of support.

The market is perhaps getting ready to make a huge move.

The euro rallied significantly on Monday to kick off the week on the right foot.