Forex Daily Forecast, Analysis and Prediction

The USD/CAD remains near important long-term support levels, and intriguingly yesterday’s price action may be another signal for bearish momentum.

The USD/BRL remains within a rather consolidated range which refuses to produce a significant breakout.

The USD/ZAR remains within the higher realms of its short-term trading range, but resistance levels have displayed rather durable capabilities.

The USD/INR has traded below the important mark of 74.0000 as support levels continue to prove vulnerable, but volatility remains.

Support at $52,664 looks pivotal.

It was a bit of a surprise during the trading session on Tuesday to see the FTSE 100 fall so hard, as we have continued to test the 7000 level.

The Bitcoin market fell during the trading session on Tuesday day to reach down towards the 50-day EMA, the most common indicator that a lot of trend traders use in the Bitcoin market.

The NASDAQ 100 had a very rough trading session during the trading session on Tuesday to fall all the way down to the 13,500 region.

The S&P 500 pulled back rather significantly during the trading session on Tuesday to reach down towards the 4125 handle.

The DAX Index fell rather hard during the trading session on Tuesday to break down below the crucial 15,000 level.

The price is experiencing a bearish tilt due to lower lows and lower highs.

The Australian dollar broke down a bit during the trading session on Tuesday to reach towards the 50-day EMA.

The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Tuesday as we are pressing the top of a huge ascending triangle.

The euro fell during most of the trading session on Tuesday to reach down towards the previous downtrend line and find support.

The British pound fell a bit during the trading session on Tuesday but found buyers underneath to keep the market somewhat afloat.