Forex Daily Forecast, Analysis and Prediction

The US dollar went back and forth during the trading session on Tuesday as we continue to sit just above the 1.20 handle against the Canadian dollar.

The West Texas Intermediate Crude Oil market fluctuated during the trading session on Tuesday, as we are at the top of a massive ascending triangle.

The DAX Index initially rallied during the trading session on Tuesday as the German Ifo numbers came out at higher-than-anticipated levels.

The NASDAQ 100 initially rallied during the trading session on Tuesday but gave back the gains in order to show signs of exhaustion.

The market looks as if it is trying to build up the momentum to finally break out for a bigger move.

The euro rallied a bit during the trading session on Tuesday to break above the short-term resistance barrier.

What we are simply doing is trying to “chip away” at the selling pressure.

The Bitcoin market went back and forth during the trading session on Tuesday as the market continues to hang around the 200-day EMA.

Gold markets initially pulled back during the trading session on Tuesday as we continue to see gold get a bit of a boost.

The Australian dollar has nowhere to be in the short term, as we seem to have no idea as to what we are going to do for the next big move.

The AUD/USD rose in early trading as traders reacted to the latest interest rate decision from New Zealand and the strong house prices data from the United States.

The EUR/USD retreated in the overnight session as investors reflected on the strong home prices from the United States.

The BTC/USD tilted higher as investors placed their bets that the Federal Reserve will hold its monetary policy steady even as US consumer inflation rises.

The GBP/USD price is in a tight range as investors reflect on the upcoming full reopening of the UK economy and the relatively robust numbers from the United States.

EUR/USD tested 1.2260 resistance level due to improving economic data results in Europe, its highest in more than four months.