Forex Daily Forecast, Analysis and Prediction

Now that we have closed as high as we have, it is going to be very difficult to start shorting anytime soon.

The NASDAQ 100 will continue to lead stock markets higher based upon liquidity and simple momentum.

We will likely explode to the upside due to the “Santa Claus rally” that seems to happen every year about this time.

Pay attention to the fact that the dollar will continue to fall, which will put a natural floor under this market.

People will be trying to get away from the US dollar and closer to silver to protect their wealth.

Clearly, the buyers are in control as of late and likely will continue to be for the short term.

The best thing you can do is wait for a short-term pullback in order to take advantage of value in the euro.

The market will look towards much higher levels and shoot through this like a beach ball that has been held underwater for far too long.

Price looking unlikely to break $20k.

2.5-year high price well above 1.2100.

The USD/ZAR continues to trade within the stronger elements of its bearish trend.

The USD/PKR is likely making speculators of the Forex pair rather nervous short term.

Starting off the month of November, the NZD/USD was challenging low water marks near 0.66000 as heightened risk-averse trading controlled sentiment.

The USD/SGD has begun to show signs that its value may be reaching an accepted equilibrium and has demonstrated a rather tight range recently.

With India on course to breach 10,000,000 COVID-19 cases before the end of 2020, and after it entered its first recession since record-keeping began, S&P Global Ratings confirmed its 9.0% GDP contraction forecast for the 2020-2021 fiscal year.