Forex Daily Forecast, Analysis and Prediction

We did find a significant amount of exhaustion at the $70 level to turn things right back around and form a somewhat exhaustive candle.

The US dollar initially tried to rally during the trading session on Monday but gave back the gains to show signs of exhaustion yet again.

It is very likely that we will continue to see a lot of choppy and misdirected volatility.

The Australian dollar rallied on Monday to show signs of continuation of the sideways action.

The Bitcoin market initially tried to rally a bit during the trading session on Monday as the trading world got back to work.

The GBP/USD is holding steady near the highest level this year as investors reflect on the strong UK data and the upcoming US inflation data.

The BTC/USD price retreated sharply in the overnight session as traders continued to wait for the upcoming US inflation data.

The Aussie is holding up slightly better against the USD than other major currencies.

The dollar is beginning to gain some ground against the euro.

The USD/JPY has come off its recent highs, but it is certainly still within sight of the important 110.000 level, which may prove attractive to bullish speculators.

The USD/TRY is trading below its record highs, but this doesn’t mean that a significant bearish trend is about to emerge.

ADA/USD was able to reach a solid, short-term high on the 3rd of June, but has incrementally decreased in value since then and is approaching key support.

ETH/USD has incrementally moved higher the past week, but resistance levels have remained durable and skeptical traders may be growing suspicious.

There is a short-term bearish price channel emerging.

Despite the strong gains of the US dollar during last week's trading, the GBP/USD pair remained steadfast.