Forex Daily Forecast, Analysis and Prediction

Start the new week of September 28, 2020 prepared with our Forex forecast that focuses on the major currency pairs here!

The S&P 500 has seen a rough month of September, which is historically normal

Silver markets have fallen apart towards the end of the month of September, which is not a huge surprise considering how much bullish pressure we have seen in the US dollar.

The last couple of weeks have been difficult for gold bulls, as the gold markets have sliced through the $1900 level.

The Euro fell off of a cliff towards the end of the month of September and has left the 1.17 level in the dust.

The NASDAQ 100 has been rather brutal for a lot of traders during the month of September, but when you step out and look at the weekly chart, you can see that we are still very much in an uptrend

GBP/USD: Volatile September British Pound Trading Ruled

WTI Crude Oil: Will Energy Demand Match Production Increases

USD/ZAR: Large Value Range in South African Rand a Warning

USD/INR: Indian Rupee’s New Range is Sustainable in October

USD/BRL: Short Term Struggles May Be Mid-Term Opportunities

The NASDAQ 100 has gone back and forth during the trading session on Thursday, showing signs of resiliency, but also not necessarily looking overly bullish.

The Euro has pulled back a bit during the trading session again on Thursday but then turned around to show signs of strength later in the day.

The British pound has rallied a bit during the trading session on Thursday, breaking above the 200 day EMA but given back the gains later in the day.

The S&P 500 has gone back and forth during the trading session on Thursday to form a neutral candlestick, which of course is somewhat bullish considering how the market has behaved recently.