Forex Daily Forecast, Analysis and Prediction

The Australian dollar has shot straight up in the air during trading on Monday, as we continue to see hopium take over the markets.

The NASDAQ 100 rallied a bit during the trading session on Monday, as we are broken back above the 10,000 level.

The British pound shot higher during the trading session on Monday, taking a serious shot at breaking above the highs from the Friday session.

BTC/USD: Yet strong bearish reversal from $9,731

Pakistan remains on a path to implement structural economic reforms, which were initiated before the Covid-19 pandemic suspended activities.

Indonesia is faced with a string of downward revisions to its 2020 GDP, resulting from the Covid-19 pandemic.

Singapore, which retained the top spot as the world’s most competitive economy, as measured by the IMD World Competitiveness Ranking,

South Africa crossed the 100,000 level in Covid-19 infections yesterday, as global daily cases continue to surge globally

Important resistance was tested by the USD/BRL late on Monday but has seen a bit of a reversal the past few hours.

The Indian Rupee has broken through important support levels and speculators may be looking at targets below as they build confidence about the trend of the USD/INR.

The narrow range of the Malaysian Ringgit continues to be attractive for short term traders.

GBP/USD: Bulls and bears fighting over price channel

EUR/USD: Weak bearish turn looks doubtful

Bitcoin markets have initially fallen during the trading session on Monday when we got back to work, but as you can see, we have turned around to show signs of strength again.

The silver markets initially tried to rally during the trading session on Monday as traders get back to work, but the $18 level has proof of supply, as we have pulled back quite a bit and shown quite a bit of resistance.