Forex Daily Forecast, Analysis and Prediction

The S&P 500 gapped higher to kick off the trading session on Tuesday, but then turned around to fill that gap only to start rallying again.

The West Texas Intermediate Crude Oil market did very little during the trading session on Tuesday, as the market is seemingly okay with the idea of the massive gains that had been part of the situation on Monday.

The NASDAQ 100 continues to show signs of strength as we have broken to all-time highs yet again.

We have not reached the all-time highs again, but we almost certainly will over the next several days.

Bitcoin bounces from multi-month low to rise by more than 15%.

Nearest support and resistance levels look firm.

At least we have stopped falling, which is the first step to some type of recovery.

The US dollar rallied a bit during the trading session on Tuesday as we continue to test the ₹74.50 level.

Bitcoin fell rather hard during the trading session on Tuesday, breaking down below the $30,000 level.

The euro has initially fallen a bit during the trading session on Tuesday, but then turned around to show signs of strength as Jerome Powell testified in front of Congress.

The British pound initially pulled back a bit during the trading session on Tuesday, but then turned around to show signs of stability again.

The EUR/USD retreated slightly during the overnight session as investors reacted to Jerome Powell’s testimony to Congress.

The AUD/USD pair retreated during the Australian session as investors reacted to the latest Australian Manufacturing and Services PMI numbers and the new lockdown in Sydney.

For the second day in a row, the price of the EUR/USD currency pair is trying to correct upwards after sharp selling operations that pushed it towards the 1.1847 support level.

For the second day in a row, gold futures contracts continue to bounce up after the sharp decline last week.