Forex Daily Forecast, Analysis and Prediction

Gold markets have initially tried to rally during the trading session on Monday but gave back quite a bit of the gains as the US dollar strengthened.

Most of last week’s trading was marked by the downward correction for the EUR/USD, which pushed it towards the 1.1754 support before stabilizing around 1.1800 at the beginning of this week’s trading.

The strength of the US dollar was a good reason for the gold price to drop to $1911 support during last week's trading and began this week's dealings around the $1938 per ounce, where it is stable at the time of writing.

After the recent strength of the US dollar against the rest of the other major currencies, the bears faced a loss of momentum to move the GBP/USD currency pair below the 1.3060 support.

During last week’s trading, the USD/JPY collapsed towards the 105.09 support.

The DAX Index has opened today’s trading with a resounding surge upwards.

The USD/BRL continues to test important resistance and prove its bullish trend since the last week of July is not a mistake.

AUD/USD: Strong support at 0.7139

The USD/MXN has continued to trade within its bearish trend as it moves slightly above one-month low watermarks near the 21.85000.

Perspective is a key element when trading.

USD/JPY: Short-term consolidation above 105.50

BTC/USD: Support at $11,400 looks strong

India has taken a global leadership position in new daily Covid-19 infections, in some cases higher than that of the US and Brazil combined.

South Africa continues to experience a gradual decrease in new daily Covid-19 infections, but the condition is far from positive.

The Australian dollar has initially tried to rally during the trading session on Friday, but the US dollar got a bit of a boost against most currencies, including the Aussie.