Forex Daily Forecast, Analysis and Prediction

The USD/ARS continues to trade within a death spiral.

After testing important support levels in early September the USD/INR has produced incrementally bullish trading the past couple of weeks.

Speculators should treat the USD/SGD with respect near term.

The USD/ZAR has once again proven that its trading range can produce reversals when important support levels have been activated and risk appetite decreases.

AUD/USD: Aussie hit hard

Mexico breached the 700,000 level in confirmed Covid-19 infections with the death toll approaching 75,000.

Brazil continues to report an increased number of new Covid-19 infections, while the number is forecast to rise.

USD/JPY: Long-term double bottom at 104.00 possible

The US dollar has rallied significantly during the trading session on Tuesday to show signs of resiliency.

The bitcoin market has dipped slightly during the trading session on Tuesday, as we continue to see a lot of confusion.

BTC/USD: $10k area may be supportive

The S&P 500 has pulled back a bit during the trading session on Tuesday but then turned around to show a certain amount of resiliency.

The Australian dollar has fallen a bit during the trading session on Tuesday, showing signs of exhaustion yet again as the market continues to see a lot of volatility and potential downward pressure.

GBP/USD: New multi-month low price

The NASDAQ 100 initially fell a little bit during the trading session on Tuesday but have turned around to show signs of strength.