Forex Daily Forecast, Analysis and Prediction

The Bitcoin market has initially rallied during the course of the trading session on Monday but gave back quite a bit of momentum just below the $49,000 level.

The Euro has fallen significantly during the course of the trading session on Monday, only to turn around and form a bit of a hammer.

The British pound has broken significantly during the trading session on Monday, as there was more or less a “risk off attitude” around the world.

The DAX has been absolutely hammered on Monday to kick off the week on the back foot.

The FTSE 100 broke down significantly on Monday, as indices are starting to price in the idea of the risk of contagion on the Chinese mainland.

The West Texas Intermediate Crude Oil market has pulled back a bit during the course of the trading session on Monday to show signs of weakness.

The market has broken significantly below the 50 day EMA and the previous uptrend line, but more importantly has closed at the very bottom of the range.

The NASDAQ 100 has broken down significantly on Monday, to slice through the 50 day EMA and approached the 14,800 region.

The USD/CHF has climbed to new short-term highs in early trading today as the Forex pair is within sight of springtime ratios.

The USD/ZAR continues to mount additional highs in early trading this morning as bullish momentum has taken on a rather fast pace.

The USD/SGD has seen a bullish surge emerge the past week and it has gained velocity today as important mid-term resistance levels come into sight.

The price is bearish below $45,326.

ETH/USD skidded to short-term lows late last night and is traversing a range which may make bullish speculators more nervous.

The pair is trading at 3-week lows.

The Bitcoin market initially tried to rally on Friday but gave back early gains to form a shooting star.