Forex Daily Forecast, Analysis and Prediction

The pressure on the US dollar has returned again, and therefore it has retreated against the rest of other major currencies.

The DAX Index has had a difficult month of trading in October.

The USD/MXN has demonstrated the capability of holding onto its bearish momentum and battle important support levels.

The 16.41000 price vicinity for the USD/ZAR is in focus and this level is important because it has proven to launch strong reversals higher before.

The USD/INR has traded within a tight range the past five days and speculators who are active within the forex pair have had an opportunity to take advantage of comfortable reversals.

With the global Covid-19 pandemic forcing permanent changes to existing business models and supply chains, some countries embrace it more than others.

Addressing the Clean Green Index Award Ceremony in Islamabad, Imran Khan, the Prime Minister of Pakistan, confirmed fears over the second wave of Covid-19 infections in urban centers, including Faisalabad, Lahore, Peshawar, Karachi, and Gujranwala.

AUD/USD: 0.7070 level looks like pivotal support

USD/JPY: Strong Japanese Yen

BTC/USD: Lots of room above $12,288 resistance level

GBP/USD: Price challenging 1.3000

EUR/USD: New 1-month high prices

The Euro has rallied significantly during the trading session on Tuesday, reaching towards the 1.1850 level, which is also the previous uptrend line being tested again.

The NASDAQ 100 has gone back and forth during the trading session on Tuesday.

The S&P 500 as gone back and forth during the trading session on Tuesday, as the 3400 level underneath is going to continue to be support.