Forex Daily Forecast, Analysis and Prediction

The Australian dollar has fallen quite a bit during the trading session on Tuesday but has also found buyers underneath the turn around and form a hammer.

The West Texas Intermediate Crude Oil market initially gapped lower to kick off the trading session on Tuesday but found enough support at the $52.50 level to recover as the market had been at the very bottom of a larger consolidation area.

Natural gas markets have rallied a bit during the trading session on Tuesday but still remain very tight as we have been going back and forth in the same area for some time.

Gold markets have pulled back a bit during the trading session on Tuesday, reaching down towards the $1568 level.

Cotton markets initially gapped lower to kick off the trading session but then turned around a break above the top.

The bitcoin markets have initially rally during the trading session on Tuesday but pulled back to form a bit of a shooting star.

AUD/USD: Lots of room to fall further

USD/JPY: Risk-off shocks boost Yen

Bitcoin: 2020 has seen solid long-term buying

After this currency pair was rejected by its resistance zone, a more massive corrective phase is expected to follow.

GBP/USD: Ascending Trend Line has Held

Economic fundamentals continue to improve for Turkey as the Eurozone is at risk from its central bank’s monetary policy, fueling structural issues.

EUR/USD: Support level at 1.0993 looks pivotal

Brexit is less than 72 hours away, and while opinions on the long-term impact differ, the British Pound is advancing.

Australian economic data came in slightly better than expected and was just enough to stabilize the AUD/SGD inside of its support zone.