Forex Daily Forecast, Analysis and Prediction

For the second day in a row, the USD/JPY is moving with bullish momentum, reaching the resistance level of 114.20, where it has settled as of this writing.

After a strong bearish start for the GBP/USD when it moved towards the 1.3173 support level, the pair returned to rebound upwards towards the 1.3270 resistance level.

There is nothing new about the weak euro, as the European pandemic restrictions may weaken the economic activity of the bloc, and thus appetite for the euro.

XRP/USD has reversed higher the past two days of trading and has sustained its short-term upwards momentum early this morning.

The USD/ZAR has rebounded from early lows and has broken short-term technical resistance as it trades near a high, but the Forex pair remains in a known range.

There is low volatility but a valid long-term trend.

The US dollar fell rather hard against the Norwegian krone on Tuesday as we are approaching the 8.93 handle.

The DAX rallied significantly on Tuesday, as it looks like we are hell-bent on trying to fill the gap from the Monday session.

The British pound rallied a bit Tuesday, which should not be a huge surprise considering that the 1.32 level has been so important as of late.

The euro shot higher on Tuesday but gave back the gains to form a shooting star-like candlestick.

Gold markets gapped lower to kick off the trading session on Tuesday, but then turned around to reach towards the 200 day EMA above.

The US dollar fell rather hard on Tuesday to crash into the ₹75.50 level.

The Bitcoin market bounced significantly on Tuesday as we have used the 200-day EMA as support again.

The S&P 500 rallied significantly on Tuesday, recapturing the 50-day EMA.

The NASDAQ 100 rallied quite nicely on Tuesday, breaking above the 50 day EMA late in the session.