Forex Daily Forecast, Analysis and Prediction

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.

The US dollar bounced a bit on Tuesday ends the 50-day EMA has brought in some fresh buying.

The Bitcoin market did almost nothing on Tuesday as we continue to look at the $30,000 level as difficult to overcome with any type of confidence.

The British pound pulled back a bit on Tuesday to show signs of exhaustion and the 1.26 level.

The GBP/USD pair held steady as the US dollar continued its bearish momentum.

The EUR/USD pair continued its recovery trend after the relatively weak US housing data and hawkish statement by Christine Lagarde.

The AUD/USD pair moved sideways as Wall Street investors started warning about the Chinese economy.