Forex Daily Forecast, Analysis and Prediction

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.

Bitcoin markets have been noisy during the trading session on Monday, due to volatility and noise in currency markets overall.

The Euro initially tried to rally during the trading session on Monday, but then broke down again.

The British pound initially broke down during the open on Monday, as traders caused a gap during the Asian session.

There is no doubt that this week will be an important one and will have a strong impact on the performance of global financial markets, including forex.

Since abandoning the 1.3000 psychological resistance, the bears gained control over the GBP/USD performance which technically tested the 1.2880 support, its lowest level in three weeks

After the recent drop in gold prices, investors are anticipating an upward rebound and awaiting the best opportunity to buy.