Forex Daily Forecast, Analysis and Prediction

The Australian dollar initially plummeted during the trading session on Monday as traders were concerned about the coronavirus having an effect on the global growth situation,

The NASDAQ 100 has broken down significantly initially to kick off the trading week, but then turned around quite massively

Silver markets fell significantly during the trading session initially on Monday but found enough support near the $17 level to turn around and form a massive hammer.

The British pound has initially fallen during the trading session on Monday to kick off the week but found enough support at the 50 day EMA to turn around and rally a bit.

Bitcoin markets initially fell during the trading session on Monday, reaching down towards the 50 day EMA.

The Euro has gapped lower on Monday to turn around and show signs of negativity as markets sold off anything related to risk.

The US dollar has gone back and forth during the trading session on Monday, as markets still have no idea what to do with themselves

AUD/USD: Confusing short-term trends

The West Texas Intermediate Crude Oil market continues to find buyers on dips, with the $35 level offering a significant amount of support.

The Federal Reserve stepped out and saved the market again that was selling off a little too hard in New York trading as they announced the buying of individual corporate bonds to form portfolios.

The S&P 500 has gone back and forth rather violently during the trading session on Monday, as we had initially fallen and broken below the 200 day EMA.

The Brazilian Real was able to test important support levels near the 4.9000 level last week but reversed and began to see a steady diet of resistance junctures targeted.

USD/JPY: No long-term trend

A wave of buying in the USD/ZAR brought the pair to a resistance level yesterday near 17.3000 and then a reversal lower.

The relatively narrow range of the USD/INR is beginning to look like an attractive avenue for speculators.