Forex Daily Forecast, Analysis and Prediction

The tight trading range of the USD/INR fell apart yesterday as resistance proved vulnerable and bullish sentiment dominated.

The Pakistani Rupee is challenging important resistance in early trading today.

After producing a slight and comfortable bearish trend for the past week, the USD/ZAR finally broke through support near 17.25000 yesterday and challenged the 17.11000 mark briefly.

AUD/USD: Support at 0.7139 likely to hold

USD/JPY: Yen still has some strength as a safe haven

Indonesia has a comparably low Covid-19 infection count with 529 confirmed cases per 1,000,000, but total testing capacity remains insufficient with just 6,991.

Mexico started to witness a gradual decrease in new daily Covid-19 infections but is distant from claiming control over the pandemic.

BTC/USD: Support at $11,649 looks strong

GBP/USD: Finding support at 1.3072?

EUR/USD: Support at 1.1827 looks pivotal

The gold markets have broken down significantly during the trading session on Wednesday, slicing through the $2000 level.

The S&P 500 has gone back and forth during the trading session on Wednesday as we are essentially killing time at high levels.

Bitcoin markets have pulled back again during the trading session on Wednesday, as we have seen a continuation of selling on Tuesday.

The silver markets have pulled back significantly during the trading session on Wednesday, after a nice recovery from the massive selloff that had happened last week.

The NASDAQ 100 has pulled back just a little bit during the trading session on Wednesday, but there is not much out there to be concerned about right now, at least not anything more than we had previously worried about.