Forex Daily Forecast, Analysis and Prediction

Gold markets gapped just a little bit to the upside during the trading session on Monday to fill the gap, and then turned around to show signs of strength.

The US dollar rallied a bit against the South African rand during the trading session on Monday, as we have bounced from the 50-day EMA during the previous trading session.

As long as we stay above the $30,000 level, then there is still hope for a turnaround and a rally in the Bitcoin market.

I suspect that the month of July is going to be very noisy, but it may also be a decisive one for what happens next in the euro.

I certainly see a lot of bullish momentum at the moment.

Support level at 1.1903 looks pivotal.

The GBP/USD is down for the fourth straight day as the number of coronavirus cases in the UK keeps rising.

The BTC/USD price bounced back even as global regulators continued to warn about Binance, the biggest exchange in the world.

Throughout the last week’s trading, the price of the EUR/USD currency pair was in an upward correction range, but it did not find the momentum to be strong.

There are weakness factors that may negatively affect the performance of the sterling against the rest of the other major currencies.

Despite the continued gains of the US dollar, the price of gold tried to achieve gains that extended to the resistance level of 1795 dollars an ounce before closing trading stabilized

Expectations of raising the US interest rate still support the strength of the US dollar against the rest of the other major currencies.

Gold markets are on the precipice of making a rather large move.

The month of July could be a little bit soft.

The NASDAQ 100 has been very bullish over the last month, breaking above a significant barrier in the form of 14,000 during the last week of June.