Signals and Analysis from the DailyForex Trading Room - October 15, 2020

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Latest Market Analysis USD/MXN: More Downside Favored After Advance Stalled - 15 October 2020 2020-10-15 10:52:12 Mexican President López Obrador enjoys an ongoing increase in his approval rating, despite the Covid-19 pandemic, a damaged economy, and rising homicide across Latin America's second-largest economy. Read more » USD/ZAR: Build-Up in Bearish Pressures Hints at Breakdown - 15 October 2020 2020-10-15 10:42:07 South Africa continues to struggle with slow-moving reforms, and President Cyril Ramaphosa's efforts to revitalize the economy are met with criticism and were labeled xenophobic to some degree. Read more » Pound Struggles Ahead of PM's Brexit Deadline - 15 October 2020 2020-10-15 10:36:51 The Pound Sterling struggled for traction during London trade on Thursday as FX players wait for news that the Brexit talks seem to be progressing. Read more » USD/PKR: Consolidated Range Indicates a Possible Breakout - 15 October 2020 2020-10-15 10:34:51 The USD/PKR has been able to trade in a tight range the past two days and has maintained lower values after experiencing bearish momentum. Read more » USD/INR: Indian Rupee Trading Range Remains Calm and Uneasy - 15 October 2020 2020-10-15 10:32:10 Global risk appetite remains hard to gauge in early trading this morning. While the past couple of days have seen slight declines in major equity indices Read more » Want to read more signals? Visit our Technical Analysis page More from DailyForex: Forex Brokers Reviews Forex News Technical Analysis Bitcoin Brokers Got a smartphone? Get our updates directly to your phone with the latest version of our free app Join the free Forex Academy and find courses suited to traders at all levels! We hope that this analysis helps you find a profitable position in the Forex market. Happy Trading, The DailyForex Team 2020 DailyForex LTD. 1841 SW 63 RD TERR, North Lauderdale 33068, Florida, USA Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. This email was sent to you following your consent to our Terms of Service and your permission to receive from us emails notifying you of any promotions or new services we are offering. Please note that in accordance with the General Data Protection Regulation (GDPR) you may request to close your account and that your personal data will be deleted. To exercise this right you may contact DailyForex's support team: privacy@dailyforex.com.
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