Forex Daily Forecast, Analysis and Prediction

The DAX initially gapped lower during the Monday open but turned around miraculously to wipe all of that out and end of the day in the green.

The BTC/USD has bounced ever so slightly during the trading session on Monday to continue to test the $20,000 region.

The USD/BRL traded near value last seen in the middle of June as it ended yesterday’s Forex session near the 5.0285 ratio.

The GBP/USD is trading near the 1.17180 mark as of this writing.

The EUR/USD price was hovering at the parity level on Tuesday morning as investors waited for important economic data from Europe and the US.

The BTC/USD price dropped below the important support at 20,000 as the US dollar index surged to the highest level in over 20 years.

The USD/JPY has rallied quite significantly during the trading session on Monday to show signs of strength yet again against the Japanese yen.

The AUD/USD rebounded in the overnight session as investors reflected on the rebounding commodity prices and the strong Australian retail sales data.

The GBP/USD fell rather hard right out of the gate on Monday and looked as if it was going to start melting down.

The AUD/USD has fallen right away during the trading session on Monday but has fought back quite valiantly to show signs of life.

The S&P 500 has done very little during the training session on Monday after initially gapping lower.

The EUR/USD has gone back and forth during trading on Monday, as we continue to see the parity level attract a lot of attention.

The technical picture remains bearish despite deceptive price action on the daily chart suggesting a bullish bounce, and a general weakening of the US Dollar over the short term.

The price of the Turkish lira stabilized against the US dollar during early trading this morning, as the lira continues to trade within a narrow trading range amidst interventions by the Turkish Central Bank to control its price.

The trading week, in which the bulls dominated the direction of the USD/JPY pair, ended with gains, crossing the resistance level of 137.70 and closing stable around the resistance of 137.50.