Forex Daily Forecast, Analysis and Prediction

XRP/USD has seen a swift selloff in the past couple of days and important mid-term support junctures have proven vulnerable.

After reaching a high of nearly 1.500000 on the 4th of July, ADA/USD has begun to experience slight selling pressure.

DOGE/USD remains within a rather tight range which continues to test the sentiment of speculators, but the cryptocurrency may be signaling more bearishness.

AUD has made a very strong recovery since Friday’s NFP release.

The new support level at 1.1882 looks pivotal.

The British pound rallied a bit during the trading session on Monday to reach towards the 1.35 level.

The DAX Index fell initially during the trading session on Monday but recovered nicely from the trendline that has been so important for so long.

Bitcoin got absolutely hammered during the trading session after initially trying to rally on Monday, as we have lost over $3000 rather quickly.

The Australian dollar rallied a bit during the trading session on Monday, although it should be noted that the volume may be a bit thin due to the fact that Americans were still celebrating the extended Independence Day holiday weekend.

Gold markets gapped higher to kick off the trading session on Monday, reaching towards the $1800 level.

The US dollar rallied a bit against the Canadian dollar on Monday, as the 50-day EMA seems to be offering a bit of support.

OPEC+ is currently in the third day of negotiations for the production numbers, as the UAE does not wish to extend cuts as much as some of the other members.

The S&P 500 did almost nothing during the trading session on Monday, as you would expect, due to the fact that the underlying index was closed.

The NASDAQ 100 futures market was open for electronic trading on Monday, but there was very little in the way of volume, so you would think that almost nothing could be read out of the candlestick from the Monday session.

The euro rallied ever so slightly during the trading session on Monday, which was a bit interesting considering that it did not even have the influence of Wall Street working against it.