Forex Daily Forecast, Analysis and Prediction

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.

Long-term bullish trend active again

The S&P 500 continues to look bullish, although it is settling down a bit just before attacking the all-time highs.

The Australian dollar rallied significantly during the trading session again on Monday, reaching towards the 0.7250 level before pulling back ever so slightly.

The NASDAQ 100 has broken higher during the trading session on Monday to kick off the week, jumping just above the recent highs.