Forex Daily Forecast, Analysis and Prediction

The NASDAQ 100 has rallied a bit during the trading session on Tuesday again, breaking out to a fresh, new high.

Gold markets have rallied a bit during the trading session on Tuesday, breaking above the $2000 level yet again.

The West Texas Intermediate Crude Oil market initially pulled back a bit during the trading session on Tuesday but found buyers once again in order to grind the upside.

EUR/USD: Big round number at 1.2000 may halt rise

The S&P 500 has initially pulled back during the trading session on Tuesday, but then turned around to show signs of life again.

The Australian dollar has rallied a bit during the trading session on Tuesday, and even made a fresh, new high.

The US dollar initially fell against the Mexican peso during the trading session on Tuesday, reaching down towards the 22 MXN level.

The US dollar has fallen hard against the Japanese yen during trading on Tuesday, as we continue to see the greenback get hammered.

The Euro has broken above a significant resistance in the form of the 1.19 level, as the consolidation area that we had been in is finally in our rearview mirror.

The British pound has broken out to the upside during the trading session on Tuesday, clearing the 1.3150 level.

For the fifth day in a row, the EUR/USD pair is moving in an upward correction range, which reached the 1.1881 resistance before settling around 1.1870 at the beginning of the trading session on Tuesday.

As investors abandon the USD, the price of the GBP/USD remains in a stable upward correction range above the 1.3100 resistance, awaiting stronger incentives to achieve more gains.

At the beginning of this week's trading, the bears tried to move the price of gold down to $1929 an ounce.

For the third day in a row, the USD/JPY is moving in the same long-term downtrend towards the 105.92 support at the beginning of Tuesday's trading.

AUD/USD: Quietly bullish