Forex Daily Forecast, Analysis and Prediction

Gold markets initially rallied during the trading session on Tuesday to reach towards the $1850 level.

The Aussie dollar continues to show strength as it bounced from the 50-day EMA recently, which will capture the attention of a lot of traders.

Gold markets initially rallied during the trading session on Tuesday to reach towards the $1850 level.

Bitcoin rallied again during the trading session to capture an all-time high at the $48,178 level on Tuesday.

The price peaked about 24 hours ago at the all-time high of $48,178.

The USD/INR has seen its short-term support and resistance levels grow tighter the past couple of days.

The EUR/USD is rising for the fourth consecutive day ahead of the important US and Germany inflation data and a speech by Jerome Powell.

The AUD/USD has risen to a two-week high, helped by a relatively weaker US dollar and high commodity prices.

Breakout to new 2.5-year high prices above 1.3800.

ETH/USD has proven that the cryptocurrency remains on speculative steroids in early trading today.

The Nikkei 225 made another solid move higher on Monday which followed in the footsteps from a strong close on the US equity markets before going into the weekend.

The USD/MXN has produced some downward movement the past few days of trading and is hovering within sight of the important 20.00000 price.

The USD/SGD has produced a difficult month of trading for speculators the past month, but the Forex pair has now reentered bearish territory again with value below the 1.33000 mark.

The technical picture is now considerably more bullish as the U.S. dollar has begun to weaken everywhere.

For three trading sessions in a row, gold benefited from the weakness of the US dollar after the disappointing US employment figures were released.