Forex Daily Forecast, Analysis and Prediction

Bitcoin: More bullish but weekly resistance below $8,000

GBPUSD: Finally bottoming above 1.2972?

EURUSD: Strong resistance likely at 1.1110

Germany continues to resist calls by the European Central Bank to increase fiscal spending.

Commentary out of the US and China over the weekend attempted to strike a positive tone regarding the phase-one trade truce.

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Bitcoin is in recovery mode after dropping below 6,400, but the bearish trend remains intact, and more downside is expected to follow.

The Euro rallied a bit during the trading session on Thursday but continues to find trouble near the 200 day EMA.

The Australian dollar has rallied quite nicely during the trading session on Thursday, as it looks like we are going to go hunting for the 200 day EMA.

The US dollar has rallied initially during the trading session on Thursday but then broke down significantly to show signs of weakness against the Japanese yen again.

The NASDAQ 100 has rallied quite nicely during the trading session on Thursday, breaking higher and above the 8600 level.

The British pound has initially tried to rally during the trading session on Thursday, but then broke down significantly to reach towards the psychologically important 1.30 level.

The S&P 500 has rallied during the trading session on Thursday, breaking above the 3200 level which is an area that has been a target for some time.