Forex Daily Forecast, Analysis and Prediction

The US dollar rallied again during the trading session on Monday to reach towards the ¥105 level.

The Australian dollar has steadied during the trading session on Monday, as the market awaits the RBA decision later in the session.

The NASDAQ 100 initially shot higher during the trading session on Monday, but then pulled back to form an inverted hammer.

The S&P 500 has fluctuated during the trading session on Monday, showing signs of stability after selling off rather drastically.

The USD/TRY has seen a long-term bullish trend produce stronger momentum recently and the forex pair is making quick work of resistance levels with sustained higher trading.

The USD/ZAR continues to battle extremely important support ratios as the key inflection point of 16.10000 lurks nearby.

The Brazilian Real is traversing next to important resistance levels.

The USD/INR has seen a strong bullish mode erupt recently and speculators should be prepared for additional volatility the next two days.

BTC/USD: $13,684 also looks pivotal

Germany struggles with a sharp rise in new Covid-19 infections amid the second wave of the pandemic, which is more violent, as forecast by epidemiologists months ago.

While Mexico is the tenth most infected country with Covid-19, it also carried out the least number of tests as compared to the other nine in the Top 10 list.

GBP/USD: Hard to see much potential upside

EUR/USD: Poor coronavirus situation in Eurozone

Gold markets have rallied during the trading session on Monday, reaching towards the top of the candlestick from the previous session.

The silver market rallied during the trading session on Monday as traders came back to work, but it looks as if the $24 level will continue to cause trouble.