Forex Daily Forecast, Analysis and Prediction

The Indian rupee gained slightly against the US dollar as the Delta variant in India seems to be slowing down.

The FTSE 100 rallied significantly during the trading session on Tuesday, but now that we are above the 7000 level, it looks as if we are going to try to get towards the top of the same ascending triangle.

The CAC 40 rallied again during the trading session on Tuesday as the market is above the 6700 level.

The Bitcoin market initially tried to rally during the session on Tuesday but gave back the gains to show the $40,000 level as resistance yet again.

The gold market dropped a bit during the trading session on Tuesday, as sit at the 50-day EMA without any interesting movement in one direction or the other.

The AUD/USD pair tilted upwards after the latest Australian retail sales and Services PMI numbers.

The EUR/USD price has been struggling to find direction this week.

The pair is testing the resistance level at 1.3937.

The path of British injuries with the Corona Delta variable, the upcoming Bank of England (BoE) policy decision and the important US jobs report, are the most important factors that will affect the future and performance of the GBP/USD currency pair for this week.

For two trading sessions in a row, the price of gold is subjected to selling after its rise to the resistance level of $ 1832 an ounce, its highest in two weeks.

With the beginning of the August trading, the price of the EUR/USD currency pair is still stable near its four-week high.

The downward pressure is still on the performance of the USD/JPY currency pair, as it settled in the beginning of August.

The USD/JPY continues to see a substantial bearish track displayed and current price value is within sight of mid-term support not touched since late May.

The NZD/USD is trading near short-term highs as it hovers within a rather intriguing mid-term technical framework that offers a variety of perspectives.

After spending the past few weeks under an intense media glare due to unrest in South Africa communities, the USD/ZAR is now testing important support levels.