Forex Daily Forecast, Analysis and Prediction

The US dollar fluctuated on Tuesday as we continue to bang up against the 1.28 handle.

The FTSE 100 rallied a bit on Tuesday to break above the top of the hammer that formed on Monday.

The euro initially rallied on Tuesday but has turned quite bearish by the end of the day to form a bit of a shooting star.

The British pound initially rallied on Tuesday but gave back gains near the 1.37 level to form a bit of an inverted hammer.

The gold market initially pulled back just a bit on Tuesday but turned around to show signs of strength again.

The Australian dollar initially tried to rally on Tuesday but gave back the gains rather quickly.

The Bitcoin market fell on Tuesday to reach down towards the crucial $40,000 level.

The market looks as if it is struggling to find direction, and it must be noted that the action during the session was noisy to say the least.

The NASDAQ 100 rallied a bit on Tuesday to reach towards the 50-day EMA again.

The West Texas Intermediate Crude Oil market had a very noisy trading session Tuesday as we reached below to test the 50-day EMA.

The EUR/USD pair erased some of the gains made on Tuesday after the relatively strong American housing numbers and as traders waited for the Federal Reserve decision.

The AUD/USD resumed its bearish move in the overnight session as Tuesday’s rally faded.

DOGE/USD is traversing slightly above 21 cents as of this morning, but has seen another wave of nervous sentiment create an incremental bearish trend.

Political infighting among the ruling party in Argentina and terrible economic policy has helped the USD/ARS establish new highs.

As of this writing Gold is near important support as it traverses slightly above the 1760.00 level with rather fast trading conditions prevailing.