Forex Daily Forecast, Analysis and Prediction

The South African Rand initially tried to rally against the US dollar during the trading session on Tuesday but gave back the gains as we dug into the hammer that the US dollar formed against it on Monday.

The Australian dollar initially tried to rally during the trading session on Thursday as we continue to see a lot of noise in general.

BTC/USD: Pivotal point likely at $10,641

The S&P 500 initially tried to rally during the trading session on Tuesday, pulling back from the 3400 region.

GBP/USD: Pound is not advancing as a leader

The silver markets have pulled back from the 50 day EMA again on Tuesday to reach down towards the $24 level.

The Euro has gone back and forth during the course of the trading session on Tuesday, as we were testing the previous uptrend line.

Gold markets have initially tried to rally during the trading session on Tuesday only to turn around and show negativity.

EUR/USD: Bullish trend still valid

The West Texas Intermediate Crude Oil market has broken above the 50 day EMA during the trading session on Tuesday, as we continue to see a well-defined range that the market wants to be involved in.

The British pound initially tried to rally a bit during the trading session on Tuesday, reaching towards the 1.30 level.

After the announcement of the improvement in US President Trump's health condition after suffering from Coronavirus symptoms and his quick admission to the hospital to conduct the necessary tests and take some vaccines.

The pace of buying the US dollar has stopped after the announcement of Trump's health improvement from the symptoms of the Coronavirus.

Investors abandoned the US currency as a safe haven after announcing the improvement in president Trump’s health condition, who was exposed to Coronavirus symptoms.

Risk appetite to compensating recent USD/JPY losses, which pushed it towards the 104.95 support by the end of last week.