Forex Daily Forecast, Analysis and Prediction

Bearish momentum is on the rise after the USD/CAD sustained a breakdown below its resistance zone.

The Euro has rallied quite nicely during the trading session on Tuesday again, but is starting to approach a major resistance barrier in the form of the 1.09 level.

The US dollar got absolutely hammered during the trading session on Tuesday, as we continue to see a lot of trouble when it comes to the coronavirus and risk appetite.

AUD/USD: New 11-year low price reached again

USD/JPY: Too much support below 110.00 for bears to break down

BTC/USD: Support at $9,518 finally breaks down

The Australian dollar continues to sit still at an extremely low level, as the market has done almost nothing for the last couple of days.

The S&P 500 initially tried to rally during the trading session on Tuesday but gave back the gains as the 50 day EMA continues to offer resistance,

GBP/USD: Can bulls defend 1.2953?

The NASDAQ 100 initially tried to rally during the trading session on Tuesday but then broke down significantly yet again in a repeat of what had happened on Monday.

The 1.30 level is of course a large, round, psychologically significant figure that a lot of traders will pay attention to.

The natural gas markets have done very little during the trading session on Tuesday, as we continue to see volatility in other markets.

The West Texas Crude Intermediate Oil market has initially tried to rally during the trading session on Tuesday but then collapsed back into the $50 level again.

The German index initially tried to rally during the trading session on Tuesday but found resistance at the previous uptrend line.

Gold markets tried to pull back a bit during the trading session on Tuesday, but also saw some buying at the lower levels to turn things around and stabilize a bit.