Forex Daily Forecast, Analysis and Prediction

The Australian dollar broke down a bit during the trading session on Tuesday again to reach down below the 0.65 level.

BTC/USD: Selling pressure remains

The gold markets dropped somewhat significantly during the trading session on Tuesday as we are taking a bit of a break from the massive “risk off”

Canada’s exposure to the oil market has increased recession risks following the most massive oil price contraction since 1991.

GBP/USD: Expect more volatility

EUR/USD: High volatility

AUD/USD: Likely that the price has put in a long-term bottom

In the beginning of this week's transactions, we noticed violent price gaps, amid increasing global fears of a growing Corona spread

Sharp sales in global stock markets and the USD, along with continues fears regarding the Corona virus are all factors that motivated the price of gold

For the third consecutive week, the USD/JPY pair continues its sharp losses, as the pair surged to the 101.17 support in the beginning of this week's trading

GBP/USD price gains halted at the 1.3200 resistance, its highest in five weeks, and profit taking sales pushed the pair to the 1.3061 support,

USD/JPY: Strong recovery but stalling at 105.00

Over the past few trading sessions, doubts over the interconnectivity of the cryptocurrency market, and the global financial system, were eliminated.

BTC/USD: Panic hitting Bitcoin

GBP/USD: Pound not in market’s focus