Forex Daily Forecast, Analysis and Prediction

The USD/BRL continues to trade within sight of mid-August highs and bullish momentum has remained the dominant feature as sentiment grows nervous.

The USD/INR is challenging mid-term highs as fragile global financial markets have helped fuel bullish speculative behavior in Forex.

In late night trading, DOGE/USD flirted with the 25 cents juncture for the first time since the mid-September and speculators face a decision.

The West Texas Intermediate Crude Oil market rallied significantly on Monday to break above significant resistance.

The US dollar fell significantly on Monday to test a significant uptrend line.

The US dollar fell significantly on Monday to test a significant uptrend line.

The FTSE 100 initially gapped higher to show signs of strength right away on Monday, and then essentially filled a gap that formed on Monday.

The S&P 500 pulled back yet again on Monday to show signs of selling pressure.

The NASDAQ 100 fell hard on Monday to show signs of extreme weakness.

Gold markets initially fell on Monday to reach down towards the $1750 level.

The Australian dollar rallied a bit on Monday, but still has failed to break above the 0.73 level.

The Bitcoin market rallied a bit on Monday as we continue to try to break to the upside.

The euro rallied a bit against the US dollar on Monday but gave back some of the most extreme gains as the 1.16 level continues to act as a magnet for the market.

The British pound rallied significantly on Monday, but as you can see, we are pressing the previous support level sitting at roughly 1.36.

0.7250 is looking likely to be today’s pivotal area.