Forex Daily Forecast, Analysis and Prediction

The Euro has gone back and forth during the trading session on Monday, as traders continue to test the 1.13 level in both directions.

The Brazilian Real gained additional value versus the US Dollar late last week and early this week.

USD/JPY: Yet firm support at 107.85

Important support levels near 17.0000 have been broken and the level is now being used as a resistance juncture by many technical traders.

BTC/USD: Strong support from $9,000 to $9,431

Silver markets rallied a bit during the trading session on Monday to kick off the week, reaching towards the $17.95 level.

The USD/INR has been able to sustain a solid value but has shown the ability to trend towards important support.

GBP/USD: Pound relatively strong and supported at 1.2624

EUR/USD: Bears pushing price below 1.1270

Gold markets have bounced a bit during the trading session on Monday to kick off yet another week of choppy sideways trading.

The British pound initially gapped higher to kick off the week, but then pulled back towards the 1.2635 level, and the 200 day EMA to find enough buyers there

Turkish President Erdogan canceled proposed lockdown measures for fifteen municipalities, which were supposed to take effect over the past weekend.

The Australian dollar has rallied on Monday, to test the top of the shooting star from Friday.

Singapore initiated the first phase of easing lockdown restrictions due to the Covid-19 pandemic.

Russian President Putin ordered his government to implement a swift economic recovery plan, which includes RUB5 trillion in emergency spending until the end of 2021.