Forex Daily Forecast, Analysis and Prediction

For three trading sessions in a row, the USD/JPY currency pair has been trying to correct higher.

Yesterday, the GBP/USD broke the strong 1.3400 resistance point after reaching it several times.

The AUD/USD went up at the beginning of trading today, following comments by the Australian Central Bank's Governor after a day of fixing interest rates, in which he said he expected strong economic growth.

Price still seems unlikely to break $20k yet.

2.5-year high price is well above 1.2000.

The S&P 500 had an explosive session during the trading day on Tuesday as it continues to press all-time highs.

Gold markets are looking strong after breaking above the 200-day EMA again on Tuesday, and after the US dollar got absolutely hammered.

Silver markets rallied significantly during the trading session on Tuesday, reaching towards the 50-day EMA.

The West Texas Intermediate crude oil market pulled back a bit during the trading session on Tuesday, as we wait to see whether or not OPEC will continue production cuts.

The NASDAQ 100 broke out during the trading session on Tuesday as the US dollar has gotten absolutely hammered.

The euro broke above the 1.20 level during the trading session on Tuesday as a major barrier has now been broken through.

The US dollar rallied initially during the trading session on Tuesday but gave back the gains in order to form a shooting star.

The Australian dollar rallied a bit during the trading session on Tuesday, as we continue to consolidate quite a bit.

The Brazilian real strengthened during the trading session on Tuesday to reach down towards the 200-day EMA.

The British pound rallied significantly during the trading session on Tuesday to break above the 1.34 level which has been resistance over the last week or so.