Forex Daily Forecast, Analysis and Prediction

The British pound has rallied significantly during the course of the session on Monday.

The British pound has rallied significantly during the trading session on Monday, as it looks like the uptrend against the Swiss franc will continue.

Overall, the Canadian dollar is a bit lackluster.

Bitcoin, as you can see, has been rallying for a significant amount of time, but in the last couple of days, we have gone back and forth to show signs of noisy trading.

The GBP/USD exchange rate rebounded as the US dollar index (DXY) retreated after surging hard last week.

Bitcoin continued its strong recovery on Tuesday morning.

The AUD/USD recovered slightly as investors bought last Friday’s dip.

Descending trend line confluence with resistance at $1.0920.

The USD/TRY pair rose during early trading on Monday, after declining for three consecutive days following the Turkish Central Bank's decision to raise interest rates.

At the start of trading in a quiet and short week, the USD/JPY pair stabilized around the resistance level of 151.20, halting a sharp decline amid concerns about the possibility of the Japanese authorities intervening again in the forex markets.

The downward pressure on the British pound increased after the Bank of England took a step closer to cutting interest rates.

During last week's trading sessions, the price of gold finally surpassed the $2200 resistance level for the first time.

The euro continues to drift a bit lower against the US dollar, but ultimately this is a market that I think continues to see a lot of upward momentum, as well as down, as we are essentially stuck in a range.

The USD/JPY initially tried to rally during trading on Friday but then turned around the fall.

S&P 500 has pulled back slightly during the Friday session, but this is a market that's a little over done.