Forex Daily Forecast, Analysis and Prediction

During the month of October, we have seen a lot of choppy noise in the NASDAQ 100, as we continue to see more of a grind to the upside.

During the month of October, we have seen the euro fall hard against the US dollar.

The S&P 500 has been fairly noisy during the month of October, as we continue to see a lot of buyers.

The USD/INR has exhibited a rather unique trading pattern the past few weeks as resistance has stayed remarkably durable, but the reasons for this are because of the Reserve Bank of India.

At this point in time, it is obvious to me that the US dollar is trying to test the 200 day EMA and perhaps even more importantly the 1.3250 level.

Oct 31, 2024, Technical analysis of the pound sterling against the dollar GBP/USD

Oct 31, 2024, Analysis of euro price against the dollar EUR/USD

The USD/JPY currency pair remained relatively stable above the 153.60 resistance level, even after the Bank of Japan's announcement and ahead of a slew of important US economic data.

The British Pound fluctuated throughout Wednesday’s trading session, with the 1.30 level acting as a significant psychological barrier that has previously proven important.

Oct 31, 2024. Gold Forecast and Analysis of the price of gold XAU/USD today

As risks events abound in Forex the USD/MYR has seen its bullish trend continue to test higher resistance levels, but financial institutions may be beginning to contemplate new directions.

During the trading session on Wednesday, my analysis of commodities has brought my attention to the natural gas market, as we fell rather hard, only to turn around and show signs of life.

In my daily analysis of European indices, the bourse in Milan has caught my attention, as we have gapped lower.

During the trading session on Wednesday, I noticed that in my analysis of commodities, the gold market is starting to get back some of the gains.

The New Zealand dollar has been all over the place during the trading session on Wednesday.