Forex Daily Forecast, Analysis and Prediction

The German index fell initially during the trading session on Monday as all indices did, only to turn around and show signs of strength again.

The FTSE 100 fell rather hard to kick off the trading session on Monday, reaching down towards the 6600 level just like we did on Friday.

The S&P 500 rallied a bit on Monday to break above the top of the hammer from the previous session on Friday, suggesting that the 3900 level will retain some important.

The NASDAQ 100 had a very strong trading session on Monday as we have broken back above the 50 day EMA yet again.

The head of the Turkish central bank was relieved of his job responsibilities this weekend and the USD/TRY has spiked higher.

Despite the gains of the US dollar, the price of gold succeeded in moving towards the $1755 resistance level during last week's trading, before closing steadily around $1745.

A retreat for the GBP/USD below the 1.38 level will push the technical indicators to strong oversold levels, and thus may provide opportunities for buying.

By the end of last week's trading, the Japanese yen returned to achieve strong gains against the rest of the other major currencies.

For the second week in a row, the bulls tried to launch the EUR/USD price above the 1.2000 psychological resistance, to break out of its last bearish channel.

XRP/USD has continued to build solid momentum since the start of March after coming off last month’s higher values.

BNBB/USD has produced a rather tight range the past week, but short-term highs were tested earlier today which then saw a slight reversal lower.

The bulls are seeking to hold the $53K area.

The pair is seeing a continuation of a medium-term consolidation pattern between 1.3800 and 1.4000.

ETH/USD continues to trade within a rather tight range and impatient speculators may be growing anxious.

The pair dropped to 1.1866 in early trading.