Forex Daily Forecast, Analysis and Prediction

XRP/USD has created a slight reversal after falling to important lows yesterday, but the 50 cents juncture still may prove to be a bearish target.

ADA/USD traded within sight of the 1.000000 juncture yesterday, but managed to sustain its price above this key psychological ratio.

DOGE/USD has put in a slight reversal in the past twelve hours, but it has accomplished this after testing the 16 cents level yesterday.

If we break above the top of this wedge, it is a bullish sign and could send the euro higher.

The British pound broke down significantly during the trading session on Tuesday but recovered a bit towards the end of the session.

The NASDAQ 100 initially sold off after a gap higher on Tuesday, but then turned around to show signs of life again as we reached towards the 14,750 level.

The S&P 500 bounced significantly during the trading session on Tuesday to wipe out the losses from the Monday session.

The West Texas Intermediate Crude Oil market pulled back rather significantly during the trading session on Tuesday but then turned around to form a bit of a hammer as we closed just below the $67.50 level.

Long-term low at $28,607 in sight.

The DAX Index rallied a bit during the course of the trading session on Tuesday as we continue to see the market try to pick up a little bit of stability.

The CAC Index gapped a little bit higher to kick off the trading session on Tuesday to show signs of positive momentum.

Gold markets initially tried to rally during the trading session on Tuesday to break above the 50-day EMA quite handily.

The Australian dollar initially fell during the trading session on Tuesday, but as you can see, it has bounced enough to show hesitation near the 0.73 level.

The Bitcoin market fell again during the trading session on Tuesday to pierce the $30,000 level, the bottom of the most recent consolidation area, which has the $40,000 level as a massive resistance barrier.

There are initial signs of support at 1.3588.