Forex Daily Forecast, Analysis and Prediction

A bullish trend has emerged for the EUR/GBP the last week of trading.

The USD/SEK bearish trend is noteworthy for a variety of reasons.

The USD/SGD battled through a short term bullish trend which was experienced from the 5th of August until the 12th of August, yet bearish momentum has been reestablished the past three trading sessions.

South Africa faces near-and-long-term challenges, as Africa’s most industrialized nation and second-largest measured by GDP, trailing Nigeria, is forced by the Covid-19 pandemic to address core issues plaguing the economy.

India has taken a leadership position in new daily confirmed Covid-19 infections, surpassing both the US and Brazil.

The British pound initially rallied during the trading session on Friday but has found a significant amount of resistance at the 1.3150 level again.

The Australian dollar initially pulled back during the trading session on Friday but continues to find buyers underneath.

Silver markets have fallen a bit during the trading session on Friday, as we have seen a bit of profit-taking, or perhaps just simple consolidation.

The US dollar has been grinding higher against the Brazilian real for some time now but continues to find resistance near the 5.50 level.

After a brutal session on Tuesday, the Wednesday session was quite nice as it formed a hammer in the silver market.

The British pound initially tried to rally during the trading session on Thursday but gave back a significant amount of the gains

The US dollar has rallied a bit during the trading session on Thursday, as we have broken above the ₹74.88 level during the session.

The Australian dollar continues to “chop word” heading into the weekend, which is an expression for going back and forth or simply killing time.

Canada achieved success with its Covid-19 response as compared to the US.

Mexico will cross 500,000 Covid-19 infections today, but testing remains comparably low, with just over 8,700 per 1,000,000.