Forex Daily Forecast, Analysis and Prediction

The S&P 500 has rallied quite drastically during the trading session on Monday, as we have cleared the 3200 level.

For the third consecutive day, the GBP/USD pair stabilized around and above the 1.2700 resistance.

The Polish Zloty is an interesting speculative currency for traders because it serves as a barometer for geo-political sentiment between Europe and Russia,

The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Thursday but gave back the gains to form a negative candlestick.

In the beginning of this week’s trading, the EUR/USD pair tried to compensate for its losses.

The Japanese yen has strengthened quite a bit against the US dollar during trading on Monday, as traders brought the pair back towards the 200 day EMA.

AUD/USD: Bearish reversal from multi-month high price

The NASDAQ 100 initially pulled back a bit during the trading session on Monday but then found buyers again as it looks like we are set on reaching towards the 10,000 level.

The US dollar has gone back and forth during the trading session on Monday, as we are sitting just above a potentially important support level.

Before the global Covid-19 pandemic wreaked havoc in economies, Germany led a manufacturing recession in Europe, mirrored across the globe.

The Euro has gone back and forth during the trading session on Monday, as traders continue to test the 1.13 level in both directions.

The Brazilian Real gained additional value versus the US Dollar late last week and early this week.

USD/JPY: Yet firm support at 107.85

Important support levels near 17.0000 have been broken and the level is now being used as a resistance juncture by many technical traders.

BTC/USD: Strong support from $9,000 to $9,431