Forex Daily Forecast, Analysis and Prediction

Speculators of the USD/SEK have certainly seen plenty of sideways trading the past month, but choppy conditions have also allowed traders to use resistance levels in order to engage in selling.

AUD/USD: Even balance between 0.7139 and 0.7217

USD/JPY: No long-term trend

Speculators who have pursued the bearish trend of the USD/INR the past few months may be patting themselves on the shoulder this morning.

The USD/ZAR’s bearish trend certainly has generated more power since late last week.

The USD/PKR bullish trend remains strong and traders who are brave enough to speculate on this Forex pair will need to practice persistence

Singapore gained relative control over the Covid-19 pandemic, but the risk of a secondary wave remains globally.

According to the assessment of Hugo Lopez-Gatell, the Deputy Health Minister of Mexico, the Covid-19 pandemic is in a sustained decline across the country.

BTC/USD: Support at $11,400 likely to be tested soon

GBPUSD: Stuck between buyers and sellers

EUR/USD: Slight bearish bias

The Australian dollar has gone back and forth during the course of the trading session on Monday, but ultimately ended up forming a little bit of a negative candlestick.

The Euro initially rally during the trading session on Monday but has fallen quite a bit from the highs in order to form a less than ideal candlestick.

The US dollar has rallied a bit during the trading session on Monday to kick off the week, but against the Japanese yen it has been extraordinarily sleepy.

The S&P 500 has rallied quite nicely during the session on Monday, breaking above the 3400 level and making an all-time high finally.