Forex Daily Forecast, Analysis and Prediction

The euro has initially fallen during the trading session on Tuesday but found buyers later in the day to suggest that perhaps we are going to try to take out this minor downtrend line that sits just above.

The NASDAQ 100 has fallen just a bit during the trading session on Tuesday as the 14,000 level continues to attract a lot of attention.

The FTSE 100 pulled back slightly during the trading session on Tuesday to take out about half the gains for Monday.

The Australian dollar has struggled at the 0.78 level again as the candlestick on Tuesday was negative.

The Bitcoin market has broken significantly during the trading session on Tuesday again to clear the 50-day EMA.

The DAX Index initially fell during the trading session on Tuesday, but has turned around to show signs of strength again.

The gold market fluctuated during the trading session on Tuesday again, as we are stuck between the 50-day EMA underneath and the 200-day EMA to the upside.

The USD/ZAR has moved slightly higher in the past day and is traversing rather intriguing short-term resistance levels.

The USD/INR continues to produce bearish momentum in the short term as it reverses from highs made one week ago.

The AUD/USD pair declined during the Asian session as the market reflected on the latest weak Australian inflation data.

The EUR/USD is in a tight range as the market focuses on the upcoming Federal Reserve interest rate decision.

Bulls need to hold the support level at $54,400.

The key resistance level at 1.3897 looks likely to be today’s pivotal point.

Lumber has exploded higher since the middle of January 2021 and its value is at an all-time record high as speculation has become feverish.

Copper continues to find buyers, and speculative positions may be getting helped by solid demand.