Forex Daily Forecast, Analysis and Prediction

The Australian dollar fell again during the trading session on Tuesday but did see a little bit of buying underneath to form a hammer again.

The euro initially fell during the trading session on Tuesday but then turned around to break above the top of the falling wedge that has been forming for quite some time.

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

Bitcoin is very bullish above $42,263.

The AUD/USD remained in a consolidation mode as traders focused on the latest Australian inflation, lockdown news, and the upcoming FOMC decision.

The EUR/USD pair tilted upwards during the overnight session after the mixed US consumer confidence and durable goods orders data.

The pair is more bullish above 1.3900.

It has been a positive start to this week's trading for the EUR/USD currency pair, but it still lacks strong catalysts.

Gold futures settled lower to the $1794 support level at the time of writing the analysis amid the pace of investors' appetite for risk

At the beginning of this week's trading, the most prominent for forex investors was the gains of the pound sterling against the rest of the other major currencies.

The price of the USD/JPY currency pair is clinging to stability around the psychological resistance level of 110.00 with the beginning of this important week’s trading.

BTC/USD has delivered a flurry of violent bursts the past couple of days and speculators brave enough to trade the asset need to be prepared with solid risk management.

The AUD/JPY has seen a reversal lower in trading today, but this has developed after the Forex pair has accomplished a rather satisfying short-term bullish move.

The USD/SEK has moved lower in early trading this week which has extended its short-term bearish momentum.

The AUD is weak partly due to the Australian lockdown impact.