Forex Daily Forecast, Analysis and Prediction

ADA/USD is lingering near unsettling support levels, and speculators who have been trying to seek a reversal higher may be growing uneasy.

The pair remains vulnerable to a breakdown below $1.0500.

The German DAX Index rallied a bit in the futures markets on Tuesday to reach above the €14,000 level.

The FTSE 100 gapped lower to kick off Tuesday but found enough strength near the 50-day EMA to turn around and close at the very highs of the day.

The Bitcoin market initially tried to rally on Tuesday but gave up gains to form a little bit of an inverted hammer.

The gold markets fell a bit on Tuesday to dip below the 200-Day EMA.

The Ethereum market initially tried to rally but gave back early gains as we continue to hang about the $2800 level.

ZCash had a very quiet session on Tuesday, but that might be exactly what was needed as we had formed a hammer on Monday, and now it looks like we are hanging about the $122 level.

The West Texas Intermediate Crude Oil market pulled back just a bit on Tuesday as we continue to see a lot of consolidation in this market.

The S&P 500 rallied a bit on Tuesday to continue the upward pressure from the Monday low.

The euro initially rallied on Tuesday to show signs of strength, as we had been testing the 1.05 level for support.

The Australian dollar had a wild session on Tuesday after the Reserve Bank of Australia raised interest rates by 50 basis points.

The AUD/USD pair retreated slightly even after the Reserve Bank of Australia (RBA) delivered a more hawkish interest rate hike than expected.

The BTC/USD pair continued to recoil as investors continued to worry about several factors such as inflation and tight monetary policy.

The GBP/USD pair declined slightly as investors refocused on the important central bank decisions scheduled for today and Thursday.