Forex Daily Forecast, Analysis and Prediction

The crude oil markets have been a bit rattled over the last couple of sessions as we continue to see demand destruction coming out of India.

The US dollar has fallen significantly against the Loonie again during the Monday session to reach down towards the $1.24 level.

The NASDAQ 100 rallied significantly during the trading session on Monday to break above the 14,000 level yet again.

The S&P 500 rallied slightly during the trading session on Monday, as we are trying to get to the 4200 level.

Gold markets have initially fallen during the trading session on Monday to reach down towards the 50-day EMA.

The Australian dollar rallied significantly during the trading session on Monday to test the 0.78 level again.

Bitcoin markets have initially fallen during the trading session on Monday to shrink below the $50,000 level.

The British pound initially shot higher during the trading session on Wednesday but continues to show a bit of confusion as we gave up most of the gains.

The euro has gone back and forth during the trading session on Monday, showing signs of hesitation right around the 1.21 level.

The 0.7816 level looks likely to be very pivotal.

It is unclear that the medium-term bullish momentum will continue.

The GBP/USD price retreated in the American and Asian sessions as focus remained on the upcoming Fed interest rate decision.

The BTC/USD pair is attempting a rebound a week after it crashed by more than 14,000 points.

By the end of last week’s trading, the price of gold retreated to the level of $1770 after attempts throughout the week’s transactions to breach the level of psychological resistance of $1,800.

During an upward correction phase, the GBP/USD pair tried to move during last week’s trading.