Forex Daily Forecast, Analysis and Prediction

Bearish pressures on the British Pound are increasing following political uncertainty as a result of the Supreme Court verdict that Prime Minister Johnson’s prorogation of Parliament was unlawful.

A rise in optimism in regards to a US-China trade deal was enough to pause the sell-off in the EUR/CHF.

US President Trump suggested that a trade deal with China could be reached sooner than most people expect.

Since the beginning of this week, the EUR/USD has been under stable downside pressure below the 1.1000 psychological support level

Britain's Supreme Court unanimously found that the British government had violated its authority by closing the parliament

Despite recent US dollar gains, the price of gold continues its gains, which tested the $1,535 resistance

Investors' appetite for safe havens increased, supporting stronger USD/JPY losses

NZDUSD: Bearish but support at 0.6288

AUDUSD: Heading to 0.6753

The S&P 500 has fallen a bit during the trading session on Tuesday, reaching down towards the 50 day EMA before bouncing slightly.

The Australian dollar rallied a bit during the trading session on Tuesday, breaking towards the 0.68 level.

USDJPY: Slow medium-term bearish trend

The US dollar has initially tried to rally during the trading session on Tuesday but then broke down to reach towards the ¥170 level.

Bitcoin: Very strong bearish breakdown

The Euro has gone back and forth during the trading session on Tuesday, as we continue to dance around the 1.10 EUR level.