Forex Daily Forecast, Analysis and Prediction

The BTC/USD price rocketed higher as investors remained optimistic about digital currencies.

The long-term bearish trend is likely to produce lower prices.

XRP/USD has developed a sudden selloff early this morning and is traversing slightly above important psychological support levels.

The USD/CAD has produced a reversal higher the past half day, but the move upwards developed after important technical lows was touched yesterday.

The USD/NOK has moved lower again in recent trading and mid-term lows are clearly within target for speculators who maintain a bearish perception.

The USD/ZAR has put in additional bullish momentum and is traversing within the upper realms of its range.

The euro fell a bit on Tuesday to break down below the 1.16 level underneath.

The British pound rallied significantly on Tuesday to reach towards the highs of the Monday session.

The DAX Index fell initially on Tuesday but found enough support at the 200-day EMA to show signs of life again.

The NASDAQ 100 rallied significantly on Tuesday to wipe out most of the losses from Monday.

The S&P 500 initially dropped a bit on Tuesday but has seen the 4250 level offer significant support yet again.

The Ethereum market has been slightly positive on Tuesday as we continue to press up against the $3500 level.

The West Texas Intermediate Crude Oil market rallied again on Tuesday to go looking towards the $80 level.

Gold markets sold off rather drastically on Tuesday but recovered quite nicely as it looked like they were going to break down at one point.

The US dollar initially tried to rally on Tuesday against the Indian rupee but found enough resistance to turn things around and close towards the ₹75 handle.