Forex Daily Forecast, Analysis and Prediction

EURUSD: Weakly bullish above 1.1107

EUR/USD has not gained more momentum to complete the bullish correction since the beginning of this week.

The Pound began to lose its recent gains that came in based on hopes of reaching an agreement to end Britain's chaotic exit from the European Union.

On the daily chart, it seems clear that the gold price hasn’t been moving much for several sessions as investors dispersed due to recent developments regarding the World Trade War and Brexit.

For the fifth consecutive day, it appears to be clear that the USD/JPY is moving in a limited move narrow range between 108.30 support and 108.93 resistance, before settling around 108.47 at time of writing.

NZDUSD: Today’s pivotal point likely to be 0.6386

AUDUSD: Medium-term bearish topping out strengthening

USDJPY: Strong support & resistance at 108.07 & 109.00

Bitcoin: Pivotal points at $7,753 and the $8,250 area

As we have seen time and time again, the 8000 level has offered quite a bit of bearish pressure, and as a result we have sold off pretty drastically during the day.

The Euro has rolled over slightly during the trading session on Tuesday, showing signs of lackluster performance of the 50% Fibonacci retracement level,

The British pound has been an absolute nightmare to trade as of late, has anybody who has been involved in this market can tell you.

The S&P 500 initially tried to rally during the trading session on Tuesday but did pull back enough to show signs of exhaustion yet again at the highs.

The Australian dollar initially tried to rally during the trading session on Tuesday but found resistance again at the 50% Fibonacci retracement level.

Natural gas markets have rallied a bit during the training session on Tuesday but gave back some of the gains.