Forex Daily Forecast, Analysis and Prediction

Bitcoin fell a bit during Monday's trading session only to turn around and show signs of life again.

The Cardano market seems to be trying to find support near the $1.40 level, and the Monday session was no different.

The DAX Index pulled back a bit during the trading session on Monday as the 15,500 level continues to show significant selling pressure.

This is a market that had been in an uptrend for a while, so it is a simple continuation of what we had been doing.

The Australian dollar rallied a bit during the trading session on Monday to reach just above the 50-day EMA.

The BTC/USD pair is in a tight range after having a tumultuous period in May.

The GBP/USD pair soldiered on as traders priced in a robust UK economy ahead of the full reopening that is scheduled for next week.

The DAX Index has opened with a small dip downwards in early trading today, but this move follows a rather strong bullish trend which continues to exert itself.

The NZD/USD has continued to show a strong amount of resilience and remains within sight of important higher values.

The continued weakness of the US dollar has caused strong and sharp gains for the price of gold, which recently resulted in a break through the psychological resistance level of $1900.

The GBP/USD pair achieved strong gains that pushed it during last week’s trading to the 1.4220 resistance level, nearly its highest since the beginning of 2021.

Investors abandoned the Japanese yen recently due a renewed outbreak of COVID-19 in Japan and the country’s slow pace of vaccinations, which impede the economic recovery of Japan.

This week is an important one for the Forex industry, beginning with the Memorial Day holiday weekend and ending with the US jobs report on Friday.

Gold remains a buy as it hits new multi-month high prices.

If $30k breaks down, the price could reach $20k very quickly.