Forex Daily Forecast, Analysis and Prediction

The GBP/USD currency pair tried to maintain the resistance level of 1.20 but faced a battle to hold on to it in the coming days as it will be at risk of sliding towards the stronger support 1.18 and may face difficulties in extending any further advance far above the 1.21 level.

The EUR/USD dropped significantly last week before entering a circle of parity but rose smartly in time to close out the week and can now defy gravity by trading solidly above a temporary low around the 1.0020 level in the coming days.

The Dow Jones Industrial Average Index continued the corrective rise during its recent trading at the intraday levels, very slightly.

Last week’s trading on natural gas prices ended lower until last Friday, as the spot natural gas prices fell until the end of Friday to 6.040, after a corrective rise at the end of last Thursday.

More strong falls in value likely as EUR remains weakest currency.

The British pound broke down Monday to slice through the 1.19 level.

The West Texas Intermediate Crude Oil market plunged initially on Monday to reach down to the $100 region.

The US dollar broke higher to test the 1.3050 level on Monday but then turned around to show signs of exhaustion.

The S&P 500 fell again Monday as traders around the world sold stocks.

The euro broke down significantly Monday as we have broken through the bottom of a hammer on Friday.

The Australian dollar fell hard Monday to break through the 0.6750 level.

The FTSE 100 initially dropped to the 7100 level Monday only to turn around and show signs of life.

The Bitcoin market drifted a little lower on Monday as we are looking at the $20,000 level as a potential support area yet again.

Ethereum drifted a little bit lower on Monday as traders came back to work.

The gold markets fell a bit on Monday as we continue to hang about the $1740 level.