Forex Daily Forecast, Analysis and Prediction

The West Texas Intermediate Crude Oil market showed itself to be a bit flat during the session on Tuesday, despite the fact that we had recently broken above a significant trend line.

The CAC Index fell on Tuesday to slice through the 50-day EMA and go looking towards the uptrend line.

The FTSE 100 fell again on Tuesday to show weakness yet again, as the 7100 level continues to offer resistance.

The S&P 500 fell significantly after initially trying to rally on Tuesday.

The NASDAQ 100 initially rallied a bit on Tuesday but gave back the gains again as we continue to see a little bit of negativity in this market.

The EUR/USD pair wavered in the overnight session as traders reflected on the latest American inflation data.

The AUD/USD pair declined in the overnight session after the relatively weak Chinese and American economic data.

$47,532 will form either a bullish breakout or a bearish double top.

Range-bound between 1.3721 and 1.3900.

The Bitcoin market rallied a bit on Tuesday to show continued respect for the 50-day EMA which sits just below.

The Australian dollar fell on Tuesday to show signs of weakness yet again.

Gold markets initially fell on Tuesday to reach towards the support level near $1775.

The British pound rallied a bit on Tuesday but gave back gains to form a shooting star.

This is a market that is all over the place and has no idea what it wants to do next.

The USD/TRY remains a battle of wills and a game of "who do you trust?" via speculative endeavors as a short-term trend higher has emerged.