Forex Daily Forecast, Analysis and Prediction

AUD/USD: Round number at 0.7100 looks pivotal today

Gold markets gapped higher during the trading session on Tuesday and then went even higher than that.

The NASDAQ 100 initially tried to rally during the trading session on Tuesday, only to pull back from the 11,450 level.

Crude oil markets have broken down slightly during the trading session on Tuesday, slicing down towards the $39 level.

USD/JPY: 106.00 area remains pivotal

BTC/USD: Strong support at $10,557

The silver markets gapped higher to kick off the trading session on Tuesday and broke even higher to reach towards the $24.40 level by the time the open outcry session ended.

The market has been very noisy during the trading session on Tuesday, as we continue to see volatility in the S&P 500.

GBP/USD: Yet strong support at 1.2785

EUR/USD: Strong resistance likely at 1.1775

The Euro has rallied rather significantly during the trading session on Tuesday, slicing through the 50 day EMA but the market is facing a significant amount of resistance near the 1.1750 level, an area that is important on shorter-term charts.

The Bitcoin market continues to oscillate in a relatively tight range, using the $11,000 level as resistance.

The Australian dollar has rallied significantly during the trading session on Tuesday, slicing through the 0.71 handle.

The British pound rallied a bit during the trading session on Tuesday, but as you can see, we continue to fail to break above the 50 day EMA.

The US dollar initially pulled back a bit during the trading session on Tuesday, but then rallied significantly to reach towards the ¥105.70 level.