Forex Daily Forecast, Analysis and Prediction

The USD/MXN has sustained its price range after a flurry of bearish momentum took the forex pair to lower depths following the results of the US election.

Speculators face a tough decision regarding the USD/ZAR in the short term.

Pound one of the strongest currencies.

Speculators who trade the USD/PKR have enjoyed a solid bearish trend and the train ride continues to indicate an ability to continue its path.

The USD/SGD has managed to sustain its values which it captured in the afterglow of the US elections.

Following the US election in which Democratic challenger Joe Biden was declared President-elect by media networks, global equities advanced.

With new daily COVID-19 infections receding from their peak and settling at an uncomfortably high range above 40,000, Prime Minister Narendra Modi claims the economy stabilized, and all sectors are expanding.

Head & shoulders pattern yet to break down.

The S&P 500 has fluctuated during the course of the trading session on Tuesday, showing signs of stability again.

The euro is struggling for direction from a longer-term standpoint, which the candlestick for the trading session on Tuesday suggests.

The British pound continues to get optimistic pressure to the upside due to people believing that Brexit will be solved.

The West Texas Intermediate Crude Oil market has rallied significantly during the trading session on Tuesday, slicing through the 200-day EMA.

The NASDAQ 100 has broken down significantly during the trading session on Tuesday, reaching down towards the 50-day EMA again.

The Bitcoin market fluctuated during the trading session on Tuesday, as we continue to see this market overdone in the short term.

The silver markets have gapped slightly during the trading session on Tuesday, but then fluctuated in a relatively small range.