Forex Daily Forecast, Analysis and Prediction

The US dollar rallied quite significantly on Tuesday as we have broken out of a falling wedge.

The FTSE 100 shot higher to kick off Tuesday but gave back the gains to show less-than-stellar momentum.

The DAX fell a bit on Tuesday to break down below the €14,400 level, giving back some of the gains from the recent surge higher.

The S&P 500 has been rather messy as of late, as Jerome Powell has been summoned by Joe Biden for a conversation.

The Australian dollar feel a bit on Tuesday as Americans came back from the Memorial Day holiday.

EOS initially fell a bit on Tuesday but found a little bit of buying pressure near the $1.30 level.

The euro tried to break above the crucial 1.08 level on Tuesday but has been found wanting again.

Bitcoin rallied a bit on Tuesday to pierce the $32,000 level.

Gold markets did very little over the last couple of weeks, as we are trying to figure out whether or not we are going to bounce, or if we are going to break down.

Litecoin pulled back ever so slightly on Tuesday as we try to figure out whether or not there is any real hope for the crypto markets turning around.

There is increasing pessimism over British economy.

The AUD/USD price moved sideways on Wednesday morning after the latest Australian GDP and Chinese PMI numbers.

The BTC/USD pair continued its bullish momentum as investors continued buying the dip.

The EUR/USD pair declined slightly as the outlook of the European economic outlook worsened.

The price of the EUR/USD currency pair is still moving amid bullish momentum, which was able to move towards the resistance level 1.0786, recovering from its lowest level in five years.