Forex Daily Forecast, Analysis and Prediction

At the beginning of this week’s trading, the price of gold tried to rebound to the upside.

The direct threat posed by the Corona-Delta variable on the British government’s plans to completely abandon the restrictions of the epidemic increases the risks of a decline

For four trading sessions in a row, the USD/JPY currency pair is subjected to selling operations that pushed it towards the 110.50 support level

LINK/USD has been able to achieve some short-term gains and is within sight of the 20.00000 juncture, but the cryptocurrency remains within a rather tough bearish price range.

Within a span of five days of trading, the USD/MXN has asserted its bearish trajectory and is now challenging key support levels again.

After hitting a low of nearly 13.5000 on the 26th of June, DOT/USD has been able to move upwards and is testing short-term highs.

DOGE/USD has achieved a rather tight price range the past day-and-a-half of trading and this likely will deliver speculators an opportunity to wager.

0.7542 looks likely to be today’s pivotal point.

The euro fell a bit during the trading session on Monday but did recover some of the losses.

The British pound initially rallied during the trading session on Monday but has given up early gains to form a bit of a shooting star.

The CAC Index fell a bit during the trading session on Monday to kick off the week on the back foot, so it looks as if we are still trying to figure out whether or not the bottom of the ascending channel is going to hold.

The S&P 500 rallied a bit during the trading session on Monday to reach all-time highs yet again.

The NASDAQ 100 rallied rather significantly during the trading session on Monday to make fresh new highs yet again.

The question now is whether or not this momentum can continue, which quite frankly it needs to.

We are still very much in an uptrend, and that is the most important thing you should pay attention to.