Forex Daily Forecast, Analysis and Prediction

The Australian dollar looks very exhausted at the end of the day on Monday, reaching towards the 50% Fibonacci retracement level before selling off again.

Gold markets tried to rally during the trading session on Monday but found resistance at the $1500 level again.

Bearish momentum has been depleted since BTC/USD dropped below the 8K mark.

While the overall long-term trend favors more upside in the EUR/USD, a short-term correction is expected to unfold as forex traders realize floating trading profits.

The Canadian Dollar is the best performing G-10 currency this year, but after elections showed that incumbent Prime Minister Trudeau may be forced into a minority government

A series of higher highs and higher lows, which represents a bullish development, has propelled the AUD/USD to the upside.

USDCAD: Strong CAD, bearish picture

USDCHF Analysis: Ranging price action

GBPUSD: Very bullish and ready to test 1.3000

EURUSD: Bullish on weak Dollar and Brexit

Despite the optimism of all global financial markets for what has been achieved on the course of negotiations for the future of Brexit

The British House of Commons has rejected the recent Brexit deal between British Prime Minister Boris Johnson and the European Union

In the last three trading sessions last week, the USD/JPY price resumed its decline after it successfully tested the 108.93 resistance

The US dollar weakened amid expectations of a US rate cut for the third time in the upcoming Federal Reserve meeting at the end of October.

Earlier this week, the GBP / JPY pair showed consolidation despite expectations of a bearish price gap for all GBP pairs