Forex Daily Forecast, Analysis and Prediction

An important aspect of successful trading is based on patience.

The US dollar has initially tried to rally against the Brazilian real during the trading session on Tuesday but gave back the gains near the 5.20 real level, an area that has both support and resistance on shorter time frames.

The silver markets have been all over the place during the trading session on Tuesday, as we broke above the $26 level during the Asian session, only to turn around a break down below the $23 level.

USD/ZAR: Big Gains Raise Questions for South African Rand

USD/INR: Support Levels Targets In Sights For Indian Rupee

Do Traders Trust Pakistani Rupee Enough To Pursue?

For the seventh consecutive day, the GBP/USD pair continues to achieve cautious gains, which pushed it towards the 1.2902 resistance

The USD/ZAR is trading on top of vital support junctures this morning. The 16.40000 level may prove crucial and if it is broken speculators will have to look at technical charts from March.

The past five days of trading for the USD/MXN have delivered choppy waters for speculators, but its bearish trend remains intact

The Malaysian Ringgit remains near important support levels and it has shown the ability sustain its bearish trend.

Risk appetite has remained steady in Asia and the USD/SGD has continued to produce a bearish trend which has vanquished short term support levels.

Indonesia crossed the 100,000 Covid-19 infection mark as Southeast Asia’s largest economy continues to struggle with the virus.

MAPFRE Economics, in its latest study, predicts the Brazilian economy to contract between 8.9% and 9.8% in 2020.

The Australian dollar has rallied significantly during the trading session on Monday, breaking above the 0.71 handle, and reaching towards the highs again.

The British pound rallied significantly during the trading session on Monday, breaking towards the 1.29 level.