Forex Daily Forecast, Analysis and Prediction

After three trading sessions in a row, the EUR/USD pair moved in an upward correction performance that tested the 1.1755 resistance.

The halting of the US dollar's gains contributed to an upward correction in the gold prices towards the $1900 resistance before settling around $1896 per ounce at the time of writing.

The pair is moving in an upward correction range for six trading sessions in a row, in an attempt to compensate for its recent sharp losses.

The boring performance in limited movements rang remains the most important characteristic of the USD/JPY performance for six trading sessions in a row.

The USD/NOK is trading near the 9.27800 vicinity and this is a remarkably interesting support level.

Only two days ago the USD/ZAR was trading near crucial resistance of 17.20000.

In early trading today the USD/INR has suddenly spiked lower and is near the 73.10000 juncture as values shift with speed.

Although the USD/INR has seen a bearish reversal seemingly take place the past couple of days, technically the Indonesian Rupiah still appears vulnerable to potential higher moves.

Mexico could be on the verge of seeing a sharp increase in new Covid-19 infections, warns Arturo Erdely, a mathematician at the National Autonomous University (UNAM).

Brazil seeks ways to extend financial support to the poor are the country reports over 30,000 new Covid-19 infections daily.

The US dollar initially pulled back a bit during the trading session on Wednesday, only to turn around and rally towards the 50 day EMA yet again.

The S&P 500 has gone back and forth during the trading session on Wednesday, as we have no idea what to do next.

AUD/USD: Recovery in risk sentiment boosting Aussie Dollar

The Bitcoin market initially tried to rally during the trading session on Wednesday, but as you can see the $11,000 level continues to cause a lot of headaches for buyers.

USD/JPY: 106.00 area remains pivotal