Forex Daily Forecast, Analysis and Prediction

The NZD/USD is trading near short-term highs as it hovers within a rather intriguing mid-term technical framework that offers a variety of perspectives.

After spending the past few weeks under an intense media glare due to unrest in South Africa communities, the USD/ZAR is now testing important support levels.

The USD/INR is within sight of one-month technical lows as an incremental and steady bearish trend has taken hold.

The AUD has been boosted by the RBA's September tapering talk.

The DAX Index initially tried to rally during the trading session on Monday but gave back the gains to turn around and fall rather hard.

The FTSE 100 rallied significantly during the trading session on Monday, only to give up about half of the gains.

The Bitcoin market initially rallied significantly during the trading session on Monday, as the weekend trading was rather bullish.

The NASDAQ 100 initially shot higher during the trading session on Monday to show signs of strength again but seems to be struggling with the idea of overcoming the 15,000 level.

The S&P 500 initially tried to rally during the trading session on Monday but then gave back all of the gains to form a shooting star.

We simply have nowhere to be from what I can tell.

The Australian dollar rallied a bit to kick off the trading week on Monday, but as you can see, has failed to hang on to some of the gains.

The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Monday as we have gotten less-than-enthusiastic PMI figures from China.

The euro initially tried to rally during the trading session again on Monday but turned around to show signs of weakness as we rolled over in the same general vicinity.

The British pound initially rallied during the trading session on Monday but then gave up early gains to start falling.

The 1.1900 area remains a formidable resistance barrier.