Forex Daily Forecast, Analysis and Prediction

The Bitcoin market pulled back a bit on Monday only to test the $60,000 level.

Gold markets rallied quite nicely on Monday to reach towards the 200-day EMA.

The S&P 500 went gone back and forth on Monday as we continue to hover near the all-time highs.

Silver markets initially dipped on Monday but found enough support below near the 50-day EMA to send the market back to the upside.

The West Texas Intermediate Crude Oil market rallied a bit on Monday, trying to take out the $85 level, an area that would attract a certain amount of psychological attention.

The BTC/USD price moved sideways as October’s spectacular rally took a breather.

The GBP/USD pair remained under pressure even after the relatively positive UK manufacturing output data.

The EUR/USD crawled back in the overnight session as investors reflected on the relatively weak German retail sales data and American strong Manufacturing PMI numbers.

SHIB/USD is getting plenty of attention from the media, and its social influencers are voicing their love for the volatile cryptocurrency asset as it produces thrills on a daily basis.

The USD/MXN is trading near short-term highs, and has values exhibited in the second week of October within scope.

The EUR/USD is traversing low water marks in early trading today as it continues to flirt with long-term lows, and speculators wonder what’s next.

Gold bulls succeeded in grabbing the $1810 resistance as demand for safe-haven assets rose after the dollar fell following data which showed a significant slowdown in US GDP growth in the third quarter.

For three weeks in a row, the USD/JPY has remained stable around the 114.00 resistance, near a 3-year high, amid strong expectations of a tightening of the US Federal Reserve's policy.

After several attempts to stand firm, the US dollar succeeded in advancing again, and and the GBP/USD moved to the 1.3668 support level on Friday, which saw a strong rise of the US dollar against the other major currencies.

Friday’s trading session strongly supported the EUR/USD's bearish outlook as the price fell to the 1.1535 support level, a 2-week low.