Forex Daily Forecast, Analysis and Prediction

The USD/ZAR remains within the upper realms of its price range and speculators need to understand additional volatility is likely to be demonstrated today.

INR/USD speculators need to be braced for whipsaw conditions to potentially be displayed today and tomorrow, as the Forex pair tests important mid-term lows.

SOL/USD has made sweeping gains since the 31st of October and it is now traversing record highs as speculators try to anticipate the next flurry of action.

DOT/USD has produced a burst higher in the past three days that underscores the speculative nature of cryptocurrencies in full, and traders should take a look.

The US dollar has taken a strong position ahead of the FOMC announcement today, which will negatively affect gold, which fell to the support level of $1780 as of this writing.

All financial markets, not just the USD/JPY, are cautiously waiting for what the US Federal Reserve will announce later today

For three trading sessions in a row, the GBP/USD has been sold off, settling around the 1.3605 support level, the lowest in more than two weeks.

The EUR/USD will remain in narrow ranges until the market's reaction to the important events this week passes.

The gold market initially tried to rally just a bit on Tuesday but gave back the gains to fall during most of the day.

The Australian dollar fell rather hard on Tuesday, reaching down towards the 200-day EMA.

The NASDAQ 100 rallied a bit on Tuesday to test the 16,000 region.

The DAX Index rallied significantly on Tuesday as we continue to look towards the €16,000 level.

The S&P 500 rallied a bit on Tuesday as we have broken above the 4600 level quite handily.

The euro initially tried to push a little higher on Tuesday, but as you can see, has struggled to stay above the 1.16 level.

The British pound has gotten hit again on Tuesday, and at this point it looks as if it is ready to give up all hope.