Forex Daily Forecast, Analysis and Prediction

It’s easy to see that this asset is in a major uptrend.

This asset is clearly drifting toward a major support level.

The euro has spiked against the Swiss franc during the early hours on Monday.

The EUR/USD pair remained under pressure as concerns about the European economy continued.

Bitcoin price continued its recent consolidation as the crypto industry continued to underperform the broader market.

The AUD/USD exchange rate wavered at an important resistance point after the relatively mixed economic numbers from Australia and China.

Gold was overbought in the summer of 2024, its fundamental drivers were not performing well or really favorable, and the AI ​​stock bubble continued to distract investors.

For four consecutive trading sessions, the US dollar against the Japanese yen USD/JPY is trying to rebound higher, but its gains did not exceed the 146.25 level.

The Turkish Lira gained slightly in Asian trading on Monday morning, stabilizing above the 34-lira level.

As trading begins this week, there will be a US holiday that will weaken investor sentiment and market liquidity.

The EUR/USD exchange rate was on sale after the Eurozone inflation rate came in line with expectations and the unemployment rate in the region unexpectedly fell, but the rise is likely to remain limited.

The British pound initially tried to rally against the Canadian dollar on Friday, but then gave back gains to show signs of hesitation.

You can see that the Canadian dollar has rallied a bit during the trading session on Friday against the Japanese yen, and it looks like we are doing everything we can to really start to recover.

The USD/ILS exchange rate as of this writing is near the 3.64610 ratio as quick trading prices are being exhibited.

You can see that the Australian dollar did initially try to rally during the trading session on Friday but gave back gains above that crucial 0.68 level.