Forex Daily Forecast, Analysis and Prediction

For the second day in a row, the price of the GBP/USD is trying to compensate for recent losses, which extended to the 1.2768 support level recorded during last Friday's session,

Despite the improvement in investor sentiment towards the largest economy in the Eurozone, the EUR/USD continued its decline

The downward correction pressure of gold pushed it towards the $1446 support level, the lowest in three months

USD/JPY is trying to keep moving around and above 109.00 resistance to ensure the continuation of the bullish correction

No-deal Brexit fears have eased after Nigel Farage announced that his Brexit Party will not contest any of the 317 seats the Conservative Party won in the last election

Better-than-expected economic data out of Germany and the Eurozone that was printed yesterday allowed the EUR/CAD to pause its sell-off.

Uncertainty over the phase one trade truce between the US and China is growing as markets await more details.

Australian consumer confidence rebounded and the wage price index showed solid growth which helped stabilize the AUD/CHF inside of its short-term support zone.

NZDUSD: More Bullish after RBNZ maintains rate

AUDUSD: Bearish, but pivotal area below around 0.6800

USDJPY: More bullish above 109.28

Bitcoin: Bearish below $8,893

USDCAD: Weakly bullish above 1.3212

USDCHF Analysis: CHF is strengthening

GBPUSD: 1.2870 looks like today’s pivotal point