Forex Daily Forecast, Analysis and Prediction

The British pound has been all over the place against the Japanese yen in trading on Monday, initially taking off to the upside before struggling to hang on to gains and plunging massively.

The USD/SGD is near the 1.36200 ratio as of this writing, which is technically within the middle of its trading ground attained the past week.

The USD/BRL ended yesterday’s trading near the 5.1175 ratio. This price was essentially also the close of Friday’s trading value before going into the weekend.

Silver has gone back and forth during the trading session here on Monday, and we continue to try to sort out where we're going to go next.

The US Dollar continues to pressure the Norwegian krone, but it continues to sit around the 11 NOK level and seems to be looking for some type of momentum.

The US dollar has initially fell during the trading session on Monday but has continued to find support near the 1.3650 level.

The Parisian CAC pulled back just a bit during the trading session on Monday, after initially gapping higher to kick off the trading week.

The greenback initially gapped lower to kick off the trading session on Monday, testing the 17 pesos level.

Bitcoin fell a bit during the trading session on Monday and we have dropped below the 50 day EMA.

You can see gold initially did pull back a bit during the trading session on Monday but continued to find buyers on dip.

The Australian dollar has been a very noisy over the last week or so, and it looks like we are going to continue to see this type of noise.

It looks at this point in time like we are trying to form some type of bullish flag.

The GBP/USD continued rising this week as traders embraced a risk-on sentiment ahead of the (FOMC) interest rate decision.

The EUR/USD pair was flat on Tuesday as the market remained focused on European inflation data and the upcoming Federal Reserve interest rate decision.

Bitcoin price continued falling this week as most spot BTC ETFs saw outflows after halving.