Forex Daily Forecast, Analysis and Prediction

Gold settled around the $1753 support level in yesterday's trading as it trades in a narrow range.

The Japanese yen continued its decline against the other major currencies, amid hopes of a wider divergence in interest rates between the US and Japan.

The USD/BRL will begin its trading today within the upper realms of its mid-term price range and bullish momentum continues to incrementally be strong.

The price has room to rise all the way to 115.00.

Natural gas continues to trade within the upper tier of its long-term price range, even after suffering a decline in value yesterday with volatile conditions prevailing.

The USD/CAD is testing lower values not seen since early August as bearish momentum has been able to sustain last week’s downward trajectory.

The USD/ZAR remains within sight of its upper price range, but has displayed choppy trading conditions the past few days.

Today’s pivotal point is likely to be 1.1555.

Bitcoin broke higher on Monday again, reaching towards the $57,500 area.

Ethereum initially dipped on Monday to drop below the $3500 level, but then turned around to show signs of life as we ended up with a hammer candlestick.

The DAX gapped lower to kick off the Monday session, only to go back and forth to show signs of confusion.

The NASDAQ 100 fluctuated on Monday as the previous support line continues to make quite a bit of noise.

The S&P 500 rallied a bit on Monday but then pulled back as we continue to see a lot of volatility.

The euro tried to rally on Monday, but much like many of the other currencies against the greenback, we saw a bit of a pullback.

The British pound initially tried to rally on Monday but gave back gains as the market shows hesitancy to go higher.