Forex Daily Forecast, Analysis and Prediction

The bitcoin market has initially tried to rally on Tuesday but gave back the gains rather quickly as the US dollar had gained quite drastically.

The Euro has gotten hammered during the trading session on Tuesday, as the US dollar gain strength against almost everything.

The British pound has suffered at the hands of the US dollar during the trading session on Tuesday, to go looking towards the 200 day EMA.

The GBP/USD price declined below a key support level ahead of the July UK consumer price index (CPI) data.

The AUD/USD price struggled during the overnight session after the latest lockdown in New Zealand.

The EUR/USD pair retreated as traders reflected on the latest US retail sales and manufacturing and industrial production numbers.

The BTC/USD struggled during the overnight session as sentiment for cryptocurrencies reversed.

Traders who have a taste for adventure and wild fluctuations within the cryptocurrency world have likely been keeping their eyes on SafeMoon.

The USD/BRL remains placed within the higher confines of its short and mid-term price ranges.

The USD/MXN is near the 19.93000 level as of this writing, and intriguingly within the past handful of days the trading range for the forex pair has gotten tighter.

The USD/INR is trading near the 74.2500 level: what should intrigue speculators of the forex pair is that technical and fundamental clues are being demonstrated.

The Euro has pulled back just a bit during the course of the trading session on Monday as traders come back to work.

The British pound initially tried to rally during the trading session on Monday but gave back the gains at the 50 day EMA yet again.

The German index has broken down a bit, only to find buyers near the 15,800 level, an area that presents significant resistance and potential support.

The S&P 500 fell initially during the trading session on Monday to reach towards the 4420 level, only to turn around and form a bit of a hammer.