Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 broke out to the upside to kick off the week, as we have cleared the top of the 50 EMA region, which has been important more than once.

The S&P 500 rallied quite significantly during the trading session on Friday to reach towards the 4200 level.

Gold markets fluctuated during the trading session on Monday, as we are trying to digest significant gains from the previous breakout.

Bitcoin markets have bounced from the $30,000 level again during the day on Monday to show signs of stability again.

The market is likely to see buyers on dips trying to find value in what has been a very strong uptrend.

The euro rallied a bit during the trading session on Monday as we continue to press the resistance barrier from last week.

A breakout beyond 0.7779 would be a bullish sign.

Bullish price action above 1.2250 will indicate a major breakout.

The GBP/USD is in a tight range as market participants reflect on the strong economic data from the United States and the UK.

The BTC/USD rebounded on Monday after crashing to a multi-month low of $30,000 last week.

We have entered a new bullish trading week for EUR / USD.

In light of the continuing pressures on the US dollar, the share USD/JPY, during last week’s trading, retreated to the support level of 108.57.

The GBP / USD currency pair succeeded in achieving strong gains that pushed it towards the 1.4233 resistance level, near its 2021 high.

The strong gains in the gold price stopped at the resistance level of 1890 dollars an ounce and stabilized at the beginning of this week's trading around the level of 1880 dollars an ounce.

Bitcoin just halved in value in less than one month.