Forex Daily Forecast, Analysis and Prediction

As can be seen on the USD/JPY daily chart, there are several attempts to breach the resistance level at 105.70 for three trading sessions in a row, but the pair lacks sufficient momentum to cause this to happen.

AUD/USD: Upwards move could continue to 0.7182

Resistance levels in the USD/BRL have experienced increased pressure and higher values for the forex pair appear to be attainable.

USD/JPY: 106.00 area looking pivotal

The USD/ZAR has continued to see volatile trading the past week, but importantly the forex pair has trended higher as bullish momentum continues to express strength.

BTC/USD: Centre of gravity at $10,700

The NASDAQ 100 has rallied a bit during the trading session on Monday as we are above the 50 day EMA.

The US dollar has gone back and forth during the trading session on Monday as traders came back to work.

The US dollar has gone back and forth against the Canadian dollar for the last several sessions, as we are reaching towards a significant level in the form of 1.3450 just above.

The S&P 500 has rallied again during the day on Monday, starting with the Globex session as Asians and European Union traders were jumping on risk appetite.

The Australian dollar has rallied a bit during the trading session on Monday as traders came back to work, using the 0.70 level underneath as support.

The Euro initially tried to rally during the trading session on Monday but gave back some of the gains towards the top of the range as the price looks to be a little bit gun shy when it comes to the 1.17 level.

The British pound shot straight up in the air during the trading session on Monday,

The West Texas Intermediate Crude Oil market continues to do very little as far as a range is concerned, as we have been dancing around the $40 level.

Silver markets have initially fallen during the trading session on Monday, only to turn around and rally a bit.