Forex Daily Forecast, Analysis and Prediction

The downward path continues to dominate the GBP/USD performance, which retreated during yesterday's trading session to the 1.2853 support before settling around the 1.2930 level at the time of this writing.

Despite the continued USD strength, the price of gold found an opportunity (although limited) to rebound higher.

The price movement and performance of the USD/JPY may remain in a very limited range in the coming hours, until the results of the US presidential election results on Tuesday.

AUD/USD: Pair likely to be major risk barometer

The WTI Crude Oil market initially broke down significantly during the trading session on Monday, only to rally yet again.

The US dollar rallied again during the trading session on Monday to reach towards the ¥105 level.

The Australian dollar has steadied during the trading session on Monday, as the market awaits the RBA decision later in the session.

The NASDAQ 100 initially shot higher during the trading session on Monday, but then pulled back to form an inverted hammer.

The S&P 500 has fluctuated during the trading session on Monday, showing signs of stability after selling off rather drastically.

The USD/TRY has seen a long-term bullish trend produce stronger momentum recently and the forex pair is making quick work of resistance levels with sustained higher trading.

The USD/ZAR continues to battle extremely important support ratios as the key inflection point of 16.10000 lurks nearby.

The Brazilian Real is traversing next to important resistance levels.

The USD/INR has seen a strong bullish mode erupt recently and speculators should be prepared for additional volatility the next two days.

BTC/USD: $13,684 also looks pivotal

Germany struggles with a sharp rise in new Covid-19 infections amid the second wave of the pandemic, which is more violent, as forecast by epidemiologists months ago.