Forex Daily Forecast, Analysis and Prediction

Whipsaw trading conditions continue to make the USD/BRL difficult for some short-term speculators.

The past few days within the USD/ZAR have produced a choppy, yet consolidated range for the USD/ZAR.

The USD/INR remains locked within the higher range of its short-term value and it is near interesting resistance which looks suspicious.

The USD/SGD is challenging support levels not fully tested since 2018.

The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Monday, but gave back the early gains to continue to show lack of momentum.

The euro fluctuated during the trading session on Monday, showing just how little excitement there is for owning the euro.

The British pound initially tried to rally during the trading session on Monday but gave back the gains above the 1.3250 level to form a less than attractive candlestick.

The NASDAQ 100 has fluctuated during the trading session on Monday to show signs of volatility again.

The S&P 500 initially tried to rally during the trading session on Monday, but gave back the gains as we continue to see exhaustion above the 3600 level.

Gold markets fluctuated during the course of the trading session on Tuesday, as we bounce around just below the 50-day EMA.

Silver markets have fluctuated during the trading session on Monday, as we continue to bounce around just above the 50-day EMA.

The US dollar pulled back slightly during the trading session on Monday but found enough support at the previous uptrend line that we continue to grind higher in general.

The Australian dollar has rallied during the trading session on Monday after a vaccine showing 95% efficacy was announced.

The US dollar tried to rally during the trading session on Monday but continues to see a lot of noise near the ¥105 level.

While Switzerland handled the first wave of the COVID-19 pandemic better than most of its European neighbors, the conditions during the second wave are notably worse.