Forex Daily Forecast, Analysis and Prediction

Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 16, 2020.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 16, 2020 here.

Start the week of August 16, 2020 with our Forex forecast focusing on major currency pairs here.

The NASDAQ 100 rallied a bit during the trading session on Thursday but gave back about half the gains.

The S&P 500 and a quiet session on Thursday, as we are starting to see a lot of issues with trader interests.

After a brutal session on Tuesday, the Wednesday session was quite nice as it formed a hammer in the silver market.

Gold markets have formed a nice-looking candlestick on Thursday after initially gapping lower.

The West Texas Intermediate Crude Oil market has shown itself to be slightly bullish, as we continue to grind overall to the upside.

The US dollar initially fell during the trading session on Thursday, and then shot higher.

The British pound initially tried to rally during the trading session on Thursday but gave back a significant amount of the gains

The Euro has initially rally during the trading session on Thursday but gave back about half the gains in order to stay well within the range that we have been stuck in for a couple of weeks.

The US dollar has rallied a bit during the trading session on Thursday, as we have broken above the ₹74.88 level during the session.

The Australian dollar continues to “chop word” heading into the weekend, which is an expression for going back and forth or simply killing time.

Canada achieved success with its Covid-19 response as compared to the US.

Mexico will cross 500,000 Covid-19 infections today, but testing remains comparably low, with just over 8,700 per 1,000,000.