Forex Daily Forecast, Analysis and Prediction

With nearly non-existent movement, the USD/JPY had a weak performance at the beginning of this week’s trading.

Bearish head and shoulders neckline at 1.2087.

The US dollar fell again against the Brazilian real as we crossed the 5.10 threshold during the trading session on Monday.

The US dollar had initially rallied during the trading session on Monday, but then turned around to show signs of exhaustion.

The Australian dollar initially pulled back during the trading session on Monday, but continues to look very bullish as we see plenty of buyers on these dips.

The NASDAQ 100 initially dropped a bit during the trading session on Monday, but then rallied significantly.

The S&P 500 fluctuated during the trading session on Monday to kick off the week in what has been a rather volatile situation.

The West Texas Intermediate Crude Oil Market initially fell during the trading session on Monday but continues to grind higher in general.

Gold markets initially fell during the trading session on Monday but then turned around to show signs of strength again.

The silver markets initially pulled back during the trading session on Monday but found enough support below the $24 level to turn around and show signs of strength again.

The euro fluctuated during the trading session on Monday, as we continue to see a lot of volatility around the Brexit negotiations.

The British pound initially fell during the trading session on Monday, and then started to really sell off as sour headlines came out regarding Brexit talks.

The DAX Index has been within a pitched battle to attain higher values the past week and has failed to attain new highs.

The bearish trend within the USD/CAD has developed a strong dose of energy the past couple of trading sessions.

The USD/ZAR should be watched attentively short-term as it trades near important support levels which have proven adequate mid-term.