Forex Daily Forecast, Analysis and Prediction

USDCAD: Bullish reversal possible from 1.3045

USDCHF Analysis: Weakly bearish below 0.9945

GBPUSD: Range from 1.2767 to 1.3000 likely to hold

EURUSD: Weakly bullish above 1.1121

With the start of this week’s trading, and after a bearish correction in the last trading sessions of the EUR/USD, the pair tried to compensate for losses, which pushed it to the 1.1072 support, rebounding towards the 1.1106 resistance.

The European Union has been given a three-month deadline as a new date for Brexit, until Jan. 31, instead of the earlier date of Oct. 31.

The gold price was positive at the beginning of this week by moving towards the $1508 resistance.

Investor risk appetite has increased especially after the EU agreed to extend the Brexit date by another three months after the British government failed to pass the Brexit agreement through the British House of Commons to enable Johnson to exit earlier than Oct. 31.

The euro bounced a little bit during the trading session on Monday from the lows of Friday trading.

NZDUSD: Bearish below 0.6350 area

AUDUSD: Unpredictable action

USDJPY: Look for bullish breakout beyond 109.00

Bitcoin: Bullish breakout holds above long-term trend line

The US dollar will be very quiet during the training session on Tuesday against the Japanese and, as we await the Federal Reserve FOMC meeting announcement on Wednesday.

The S&P 500 has rallied to a fresh, new high during trading on Monday as the trading public is trying to get ahead of the Federal Reserve announcement.