Forex Daily Forecast, Analysis and Prediction

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 1, 2021 here.

SHIB/USD is the new darling for the speculative world of cryptocurrency, having gained an astounding percentage change in value the past month.

Bitcoin appears ready to enter November having completely turned its trading sentiment around with an exuberant optimistic trading landscape dominating.

ETH/USD appears ready to begin the month of November near all-time prices as it closes out October with its bullish trend displaying strong capabilities.

DOGE/USD produced a sudden wicked rocket ride higher on the 28th of October while escaping its bearish price range, but then the cryptocurrency sold off again.

October proved to be a very bullish month for WTI Crude Oil as the 80.00 USD level was penetrated and sustained.

Gold will enter November having produced some upwards momentum in the month of October, but pursuing the trend of the precious metal has not been without trouble.

The S&P 500 had a very strong month in October, bouncing from a major uptrend line.

The NASDAQ 100 has had a very strong month of October, and it is very likely to continue seeing upward pressure for the month of November.

The euro was rather negative during most of the month of October, threatening the 1.15 handle.

The US dollar has rallied over the last couple of weeks against the South African rand an attempt to reach towards the 15.50 rand handle.

The US dollar has been very quiet against the Indian rupee over the last month or so, stretching against the top of the overall consolidation range.

Start the week of November 1, 2021 with our Forex forecast focusing on major currency pairs here.

The DAX has pulled back just a bit during the course of the trading session on Thursday but continues to see buyers underneath to push this market to the upside.

The Spanish index fell right away on Thursday, to reach down towards the same support levels that we have been paying attention to for a while.