Forex Daily Forecast, Analysis and Prediction

In an exciting performance since the beginning of this week's trading, the EUR/USD moved in light of optimism about Biden's victory in the American elections and the announcement of a possible coronavirus vaccine.

For seven trading sessions in a row, the GBP/USD pair was in an upward correction range with a distinguished performance.

Gold prices dropped by more than $100 at the beginning of this week’s trading.

The USD/JPY had a distinguished performance at the beginning of this week.

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.