Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market went back and forth on Tuesday but has given up some of the gains to show signs of exhaustion.

The GBP/USD has been under intense pressure in the past few days.

The BTC/USD remained under pressure as a decline in key global assets continued.

The AUD/USD pair declined to the lowest level since January 11th after weak Australian consumer confidence data.

The last trading sessions for the price of an ounce of gold witnessed relative stability in a range between the support level of $1812 and the level of $1823 an ounce.

GBP/USD made its fourth straight high last week, as the market ponders the dollar outlook.

For the third day in a row, the price of the USD/JPY is back to a bullish rebound, after it tested its impact in early trading today.

The price of the EUR/USD currency pair quickly rose to a two-month high last week, leaving the impression of a bullish reversal in its wake on the charts.

LTC/USD has run into headwinds and is now within sight of important early January support, which if proven vulnerable could set off a wave of nervous selling.

LINK/USD is near important mid-term support after seeing a short-term bullish rally vanish suddenly and support levels proven vulnerable.

The price is close to a key support level at $1.1387.

The NASDAQ 100 futures market fell slightly on Monday, as most Americans were paying closer attention to the Martin Luther King, Jr. holiday than anything else, and of course the index was not moving.

The euro pulled back a bit on Monday as liquidity may have had its part to play during the Martin Luther King Jr. holiday in the United States.

The British pound initially tried to rally on Monday but then started to drift a bit lower.

The German DAX Index was relatively quiet on Monday, as we are hanging about the €15,900 level.