Forex Daily Forecast, Analysis and Prediction

The USD/SEK has seen a bullish trend emerge which started in earning on the 1st of September.

The USD/MYR is trading within the middle values of its five-day technical chart.

The USD/MXN is mirroring the mixed sentiment being shown on global indices.

India continues to report the highest number of daily new Covid-19 infections, but one must consider the size of its population, the second-largest behind China.

Out of the Top 10 most-infected Covid-19 countries, South Africa reports the lowest new daily cases, which drop below 1,000 during some days.

AUD/USD: Round number at 0.7100 looks pivotal today

Gold markets gapped higher during the trading session on Tuesday and then went even higher than that.

The NASDAQ 100 initially tried to rally during the trading session on Tuesday, only to pull back from the 11,450 level.

Crude oil markets have broken down slightly during the trading session on Tuesday, slicing down towards the $39 level.

USD/JPY: 106.00 area remains pivotal

BTC/USD: Strong support at $10,557

The silver markets gapped higher to kick off the trading session on Tuesday and broke even higher to reach towards the $24.40 level by the time the open outcry session ended.

The market has been very noisy during the trading session on Tuesday, as we continue to see volatility in the S&P 500.

GBP/USD: Yet strong support at 1.2785

EUR/USD: Strong resistance likely at 1.1775