Forex Daily Forecast, Analysis and Prediction

With new daily COVID-19 infections receding from their peak and settling at an uncomfortably high range above 40,000, Prime Minister Narendra Modi claims the economy stabilized, and all sectors are expanding.

Head & shoulders pattern yet to break down.

The S&P 500 has fluctuated during the course of the trading session on Tuesday, showing signs of stability again.

The euro is struggling for direction from a longer-term standpoint, which the candlestick for the trading session on Tuesday suggests.

The British pound continues to get optimistic pressure to the upside due to people believing that Brexit will be solved.

The West Texas Intermediate Crude Oil market has rallied significantly during the trading session on Tuesday, slicing through the 200-day EMA.

The NASDAQ 100 has broken down significantly during the trading session on Tuesday, reaching down towards the 50-day EMA again.

The Bitcoin market fluctuated during the trading session on Tuesday, as we continue to see this market overdone in the short term.

The silver markets have gapped slightly during the trading session on Tuesday, but then fluctuated in a relatively small range.

The gold market has rallied a bit to the upside during the trading session.

The Australian dollar has found the trading to be difficult, as we have seen choppy trading in both directions.

The US dollar has fluctuated during the trading session on Tuesday as we continue to see a lot of back and forth against the Japanese yen.

Long-term bullish trend holding.

Lopsided consolidating triangle pattern.

Pound is relatively strong.