Forex Daily Forecast, Analysis and Prediction

The USD/ZAR has effectively demonstrated the ability to trade near important support junctures without suffering a sudden reversal higher.

The Indian Rupee has experienced choppy waters the past day and this morning’s early trading has the USD/INR within the upper boundaries as resistance is perched intriguingly above and seemingly strong.

The USD/SGD trend remains clearly on display for technical traders.

Turkey is approaching 300,000 Covid-19 infections but has a comparably low death toll above 7,200 in a country with a population shy of 85,000,000.

A new study released by Swiss-based Horizon Group ranked the post-Covid-19 recovery to-date.

Gold markets have rallied again during the trading session on Wednesday but gave back the gains at the same downtrend line that makes up the triangle that I have drawn on the chart.

AUD/USD: Long-term bullish trend

The silver markets have rallied again during the trading session on Wednesday but continue to struggle with the $28 handle.

USD/JPY: Time to get interested in the Japanese Yen

BTC/USD: Room to rise to $11,460 remains

The NASDAQ 100 has initially tried to rally during the trading session on Wednesday but then broke down rather significantly throughout the day as technology stocks continue to suffer.

The S&P 500 has rallied a bit during the trading session on Wednesday but gave up the gains just above the 3400 level.

GBP/USD: Price rejected big round number at 1.3000

EUR/USD: Price bouncing back from the low edge of month’s range

The US dollar has broken down significantly during the trading session on Wednesday, slicing through the ¥105 level, but is closing right around that level.