Forex Daily Forecast, Analysis and Prediction

The price peaked about 24 hours ago at the all-time high of $48,178.

The USD/INR has seen its short-term support and resistance levels grow tighter the past couple of days.

The EUR/USD is rising for the fourth consecutive day ahead of the important US and Germany inflation data and a speech by Jerome Powell.

The AUD/USD has risen to a two-week high, helped by a relatively weaker US dollar and high commodity prices.

Breakout to new 2.5-year high prices above 1.3800.

ETH/USD has proven that the cryptocurrency remains on speculative steroids in early trading today.

The Nikkei 225 made another solid move higher on Monday which followed in the footsteps from a strong close on the US equity markets before going into the weekend.

The USD/MXN has produced some downward movement the past few days of trading and is hovering within sight of the important 20.00000 price.

The USD/SGD has produced a difficult month of trading for speculators the past month, but the Forex pair has now reentered bearish territory again with value below the 1.33000 mark.

The technical picture is now considerably more bullish as the U.S. dollar has begun to weaken everywhere.

For three trading sessions in a row, gold benefited from the weakness of the US dollar after the disappointing US employment figures were released.

For the third day in a row, the USD/JPY is moving lower due to profit-taking.

The GBP/USD began this week on a bullish note, settling around the 1.3788 resistance level as of this writing, its highest since April 2018.

For three trading sessions in a row, the EUR/USD pair is moving in an upward correction range, settling around the 1.2085 level.

The euro rallied again on Monday as we seem to be lacking any real decisive action yet again.