Forex Daily Forecast, Analysis and Prediction

By simply observing the performance of the USD/JPY currency pair on the daily chart below, it seems clear that the currency pair breached the ascending channel.

The price of the GBP/USD currency pair resumed its rapid decline from the 1.2600 resistance level to the 1.2471 support level, after the release of the PMI data

The Turkish lira swallowed up yesterday's gains, as the lira rose after the interest rate decision in the United States of America, which rose 50 basis points.

Spot natural gas prices (CFDS ON NATURAL GAS) settled on an increase in their recent trading at the intraday levels, recording slight daily losses until the moment of writing this report, by -0.46%.

The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the third consecutive day, by 1.98%.

SHIB/USD is traversing in a very tight consolidated range as it continues to trade in fractional cents, this while speculative zeal surrounding Shiba Inu seemingly erodes.

BNB/USD was able to move to a five day high early this morning, and this incremental climb may attract speculative wagers on the buy side, or not.

The price has room to rise to $33,445.

Solana did very little on Tuesday as we continue to hang around the neighborhood of $50.

The German DAX index pulled back a bit Tuesday after initially trying to rally.

The FTSE 100 rallied a bit on Tuesday to reach the 7500 level, but it is worth noting that we have seen quite a bit of compression as of late and volatility.

The S&P 500 bounced significantly from the 3900 level, which is a large, round, psychologically significant level, and an area where we’ve seen a little bit of support.

Ethereum pulled back just a bit on Tuesday as we continue to see a lot of negativity out there.

The euro rallied a bit on Tuesday to reach the 50-day EMA.

The West Texas Intermediate Crude Oil market did very little on Tuesday as we continue to hang about the $110 level.