Forex Daily Forecast, Analysis and Prediction

The GBP/USD pair rose in the overnight session as investors continued to focus on the UK reopening and the Delta variant situation.

The BTC/USD price held steady above $31,000 as investors focused on the B Conference that features some of the most prominent individuals in the industry.

The demand for safe havens is still in favor of the new downside path for the EUR/USD currency pair, down to the 1.1755 support level.

During yesterday's trading, the price of an ounce of gold recovered to the resistance level of $1825 after selling at the beginning of the week's trading.

The day of British freedom from Corona restrictions was the day of sharp losses for the pound sterling against the rest of the other major currencies.

For the second day in a row, the bulls are trying to push the price of the USD/JPY currency pair above the 110.00 psychological resistance.

The USD/CAD continues to demonstrate an ability to pursue an upwards trend which ignited in earnest on the 1st of June.

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.