Forex Daily Forecast, Analysis and Prediction

As investors abandon the USD, the price of the GBP/USD remains in a stable upward correction range above the 1.3100 resistance, awaiting stronger incentives to achieve more gains.

At the beginning of this week's trading, the bears tried to move the price of gold down to $1929 an ounce.

For the third day in a row, the USD/JPY is moving in the same long-term downtrend towards the 105.92 support at the beginning of Tuesday's trading.

AUD/USD: Quietly bullish

The past five days of trading within the USD/INR have offered speculators a tight trading range with just enough price action to take advantage of its limited movements.

Risk appetite has helped the USD/MXN create a rather solid bearish trend since early August.

The past five days of trading have seen the USD/ZAR halt the bullish trend which emerged in late July.

USD/JPY: Support at 105.28 looks strong

The Pakistani Rupee remains near critical resistance levels, but price action suggests an opportunity exists for brave speculators to actually sell this forex pair.

BTC/USD: Breakout to new 1-year high prices

Norway passed the 10,000 Covid-19 infection mark on Monday, as hundreds of thousands of students returned to school.

Heng Swee Keat, the Deputy Prime Minister and Finance Minister of Singapore, announced a fresh S$8 billion economic stimuli to combat the ongoing negative impact of the Covid-19 pandemic.

GBP/USD: Yet bulls can be stopped easily below 1.3180

The British pound has rallied a bit during the trading session on Monday, reaching above the 1.31 level.

The US dollar fell hard during the Monday session to kick off the week, as the US dollar continues to lose value overall.