Forex Daily Forecast, Analysis and Prediction

Gold prices rose to $1880 an ounce by the end of last week's trading, despite the uncertainty about the rapid financial stimulus in the United States amid rising COVID-19 infections and despite the stronger dollar.

It seems from the USD/JPY's last three trading sessions on the daily chart that bearish exhaustion is taking the pair to stronger descending levels.

Double top at 0.7340 in view.

Speculators who enjoy a solid rocket ride filled with danger are encouraged to wager on BTC/USD short term.

Distributive topping is a potential danger to bulls.

The USD/BRL has produced choppy conditions during the past few days of trading.

The USD/ZAR may scare short-term speculators.

Before going into the weekend, the USD/SGD managed to sustain its bearish trend without suffering any snap reversals higher before Forex markets closed.

With the second wave of the COVID-19 pandemic intensifying, more countries announced nationwide lockdowns to avoid the total collapse of an ill-equipped healthcare system that struggled with the seasonal influenza virus in addition to the coronavirus.

Since Pakistan lacks proper COVID-19 testing capabilities, the official statistics place the world’s fifth-most populous country further down the list than actual conditions warrant.

British pound is one of the strongest major currencies.

There is long-term resistance around 1.1900/1.2000 above.

The silver market fluctuated during the trading session on Friday as we continue to see a lot of overall back and forth.

Gold markets rallied slightly during the trading session on Friday, as we continue to see a sideways grind in general.

The US dollar pulled back during the trading session after initially trying to rally on Friday against the Indian rupee.