Forex Daily Forecast, Analysis and Prediction

The consolidated trading range experienced early last week for BTC/USD did not last long.

New Covid-19 infections across Germany confirm fears over a more severe-than-expected second wave, with current hotspots in Frankfurt, Hamburg, and Munich, where localized restrictions on the hospitality industry are in place.

The EUR/USD appeared to be reestablishing a solid mid-term bullish trend higher as it incrementally rose and made resistance look vulnerable going into last weekend.

The British pound has had a tough trading session during the day on Tuesday, reaching down towards the 50 day EMA.

US dollar has rallied a bit during the trading session on Tuesday to test the top of the bullish flag that the market has been forming as of late.

The US dollar has rallied a bit during the trading session on Tuesday but continues to struggle to keep the gains as we have seen quite a bit of negativity over the longer term.

AUD/USD: Pivotal point likely at 0.7180

USD/JPY: Yen is strengthening

The Euro has broken down significantly during the trading session on Tuesday, crashing into the 50 day EMA.

The Australian dollar has fallen rather hard during the trading session on Tuesday to slice through the 50 day EMA.

BTC/USD: Medium-term bullish trend

GBP/USD: Strong downwards movement on a no-deal prospect with E.U.

The silver market has broken below the 50 day EMA on Tuesday, showing signs of weakness.

The S&P 500 pulled back just a bit during the trading session on Tuesday, as the market has gotten a bit ahead of itself.

EUR/USD: Medium-term bullish trend in doubt