Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair's performance this week continues to be bearish, with losses hitting the 1.2027 support level before stabilizing around 1.2050 as of this writing.

The Aussie has been hit hard.

It will be significant if the price gets established below the 1.1950 area.

The euro initially tried to rally to retake the 50-day EMA on Monday but gave back the gains to turn around and press towards the 1.20 level.

The British pound initially tried to rally during the trading session on Monday but found the 11 level to be resistive enough to turn things around and show signs of negativity.

The FTSE 100 gapped a bit higher during the trading session on Monday to kick off the week, perhaps sending the market towards the 6600 level above.

The S&P 500 rallied quite significantly during the trading session on Monday to reach just above the 3900 level.

The NASDAQ 100 rallied significantly during the trading session on Monday to gain 2.75%.

Gold markets initially tried to rally during the trading session on Monday to kick off the week but continues to see resistance above the $1450 level.

The Aussie dollar bounced just a bit during the trading session on Monday to kick off the week, as the 50-day EMA has come into play.

The Bitcoin market was very volatile during the Monday trading session, initially breaking down below the $45,000 level only to see buyers turn around and push this market higher.

The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Monday, but then fell to crash into the $60 level.

The US dollar initially tried to rally a bit against the Canadian dollar on Monday, but as you can see on the chart, there is a major trendline that the market was repulsed to buy.

The GBP/USD pair has dropped for the fourth consecutive day as traders refocus on the stronger US dollar and low Treasury yields.

The BTC/USD rally accelerated in the overnight session as opportunistic investors rushed to buy the dip.