Forex Daily Forecast, Analysis and Prediction

Bitcoin price bounced back and soared to a record high as investors reflected on the US election results.

The AUD/USD exchange rate suffered a harsh reversal on Wednesday morning as the market reflected on the incoming presidential results in the United States.

Amid a neutral stance with a bullish bias, the USD/JPY currency pair may be influenced by signals from the US elections and the FOMC decision this week.

Gold has surged by around 33% since the start of the year, hitting multiple record highs in recent months.

At the start of trading this week, the GBP/USD exchange rate rose to 1.2998 before settling around 1.2950 at the time of writing this analysis.

The EUR/USD exchange rate has settled just below 1.09 ahead of the all-important US presidential vote, but a Donald Trump victory would spark major selling pressure on the currency pair once again.

The USD/SGD has accomplished a lower value range the past day and a half, interestingly this has occurred before the U.S election results tomorrow and the Federal Reserve on Thursday.

The USD/BRL sold off quickly upon opening yesterday, falling from a high of nearly 5.8750 to important support ratios near the 5.7600 realms, but before traders believe a sustained downturn is about to occur they should think twice.

The British pound experienced considerable noise during Monday's trading session, which isn’t surprising given the potential disruptions and uncertainties this week.

The GBP/USD pair continued its downward trend after peaking at 1.3431 in September to a low of 1.2845, its lowest point since August 15.

The EUR/USD tilted upwards ahead of the upcoming US election and the Federal Reserve interest rate decision.

The Canadian dollar has gone back and forth during the course of the early hours on Monday as we continue to test the crucial 109 yen level.

Bitcoin price retreated sharply as the recent bullish momentum faded as the highly consequential US election nears.

In my daily analysis of the USD/CHF pair, it’s obvious that the US dollar has struggled a bit, perhaps due to the fact that there are a lot of things this week that could have a major influence on what happens with the greenback.

The New Zealand dollar initially did try to rally a bit during the trading session here on Monday, but it gave back gains and ended up forming a relatively negative turn of events.