Forex Daily Forecast, Analysis and Prediction

The Euro has gone back and forth during the trading session on Monday, as we continue to see a lot of noisy trading behavior.

The Australian dollar initially tried to rally during the trading session on Monday, but as you can see gave back quite a bit of the gains as we continue to see a lot of softness around the world.

The NASDAQ 100 has dropped during the Monday session as we continue to see a lot of weakness out there in general.

BTC/USD: Yet strong support from $6,685

GBP/USD: USD is strong on depression fears

EUR/USD: Supportive area near 1.0820

The US dollar has been relatively quiet during the trading session on Monday to kick off the week, as we continue to see a lot of ranging action.

The S&P 500 has ended up forming a rather negative candlestick for the trading session on Monday as the week opened up rather soft.

The British pound has broken down a bit during the trading session on Monday, as the 1.25 level continues to be a bit too much for the market.

The German index went back and forth during the trading session on Monday as traders came back to work with very little in the way of news flow

Silver markets have rallied a bit during the trading session on Monday, reaching towards the 50 day EMA as it continues to be a bit of a fulcrum for price.

Gold markets went back and forth during the trading session with a positive tone on Monday, as the $1700 level offers psychological importance.

The West Texas Intermediate Crude Oil market has been very negative to say the least, with the May contract going negative.

The attempts to bounce higher for the USD/JPY pair did not exceed the 108.08 level, and for both sessions.

Gold prices did not celebrate much for its gains, which reached the $1747 resistance, its highest level in nearly eight years, and closed the week's transactions around the $1686 level.