Forex Daily Forecast, Analysis and Prediction

Risk appetite for the Brazilian Real has eroded the past few trading days and seen a wave of USD/BRL buyers step up and push the forex pair towards important resistance levels.

The Indian Rupee continues to demonstrate an ability to test a wide range.

USD/JPY: 107.86 looks likely to be today’s pivotal point

BTC/USD: Bulls holding support at $9,014

The NASDAQ 100 gapped lower to kick off the trading session on Monday, dropped a bit, but then found buyers underneath at what would be the bottom of the overall channel.

The US dollar has rallied a bit against the Japanese yen during the trading session on Monday, as we have seen a bit of US dollar strength in general.

The S&P 500 initially gapped lower to kick off the trading session on Monday as people started to worry about coronavirus figures again

The British pound initially tried to rally during the trading session on Monday, but then rolled over again to break down below the 1.23 level.

The Euro has initially rally during the trading session on Monday, but then gave back quite a bit of the gains once the market reached towards the 1.13 level.

The Australian dollar has done almost nothing during the trading session on Monday, as we have gone back and forth to show signs of lackluster behavior.

If you enjoy speculative forex positions now is your opportunity to potentially enjoy a ride on a rollercoaster.

The Malaysian Ringgit has provided traders with a solid test of their emotional fortitude the past few sessions as forex markets display signs of volatility

Germany’s economy is faced with a steep recession in 2020, estimated between 6.5% and 8.5%, while it battles a resurgence of Covid-19 infections.

GBP/USD: New lower resistance at 1.2314

EUR/USD: Potential support at 1.1195