Forex Daily Forecast, Analysis and Prediction

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.

The Bitcoin market rallied a bit on Tuesday again to break out above a potential bullish flag pattern.

The West Texas Intermediate Crude Oil market went back and forth as the Tuesday session was more of the same noise.

The US dollar rallied a bit against the Canadian dollar on Tuesday, but we are still very much in consolidation.

Aside from its implications on the stock’s price, there’s a broader story here that’s worth knowing about.

Resistance at $1.3632 may be pivotal.

The AUD/USD declined to the lowest level since October 19th after the relatively hawkish interest rate decision by the Reserve Bank of Australia (RBA).

The EUR/USD pair was little changed as investors refocused on the upcoming Fed decision and the US employment numbers.

The BTC/USD price made a bullish breakout on Tuesday as cryptocurrency prices rebounded.

Gold tried to return to $1800 the psychological resistance to compensate for sharp losses that brought it all the way to the support level of $1772.

The USD/JPY returned to a 3-year high at the beginning of this week's trading, as the bulls moved to the 114.45 resistance before settling around 114.00 as of this writing.

For two days in a row, the GBP/USD has had bearish setbacks that pushed it towards the 1.3641 support level, the lowest in more than two weeks.