Forex Daily Forecast, Analysis and Prediction

The US dollar initially pulled back a bit during the trading session on Friday, reaching towards the ¥105 level.

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of October 18, 2020.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 18, 2020, here.

Start the week of October 18, 2020, with our Forex forecast focusing on major currency pairs here.

Sweden opted for a highly controversial and much-criticized no lockdown and limited social restrictions approach during the first wave of the Covid-19 pandemic.

Indonesia became the new Covid-19 hotspot in Southeast Asia, surpassing the Philippines

The US dollar has rallied significantly during the trading session on Thursday, reaching towards the ¥105.50 level.

The NASDAQ 100 fell initially during the trading session on Thursday but turned around to form a massive hammer.

The Australian dollar has rallied a bit during the latter part of the trading session on Thursday after having a very brutal day.

The bitcoin market drifted a little bit lower during the training session on Thursday only to turn around and find buyers again near the $11,300 level.

The S&P 500 broke down a bit during the trading session on Thursday, reaching down towards the 3435 handle before turning around and forming a perfect hammer.

The Euro initially tried to rally a bit during the trading session on Thursday but turned around to show signs of exhaustion as we broke through the 1.17 level.

Silver markets fell hard during the trading session on Thursday, piercing the $24 level.

Gold markets pulled back a bit during the trading session on Thursday, slicing through the $1900 level.

The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Thursday, slicing through the 50 day EMA like it was not even there.