Forex Daily Forecast, Analysis and Prediction

Bitcoin: More bearish below $8,047

USDCAD: Today’s pivotal point likely to be 1.3177

USDCHF Analysis: Trendless ranging price action

GBPUSD: Very bullish but volatile on Brexit deal rumours

EURUSD: Weakly bullish above 1.1018

The West Texas Intermediate Crude Oil market has fallen again during the trading session on Tuesday, but then turned around to show signs of support just below the $53 level.

The US dollar has initially pulled back a bit during the trading session on Tuesday, reaching towards the bottom part of the hammer from the previous session before rallying again.

The S&P 500 rocketed to the upside during the trading session on Tuesday as banks reported solid earnings ahead of the bell. By doing so, the market tested the 3000 level, an area that of course causes a certain amount of psychological and structural resistance.

Natural gas markets shot higher during the trading session on Tuesday after initially pulling back. As we closed out the open pit session, the market is very close to the 50 day EMA.

The NASDAQ 100 had a very bullish session during the day on Tuesday, breaking above the recent highs from the last couple of sessions, wiping out some sellers.

Gold markets fell somewhat stringently during the trading session on Tuesday but as you look at the longer-term chart, something should become relatively apparent.

The Euro fell initially during the trading session on Tuesday, but as we are starting to see on an almost daily basis, the market turned around in the middle of trading.

The British pound has rallied again during the trading session on Tuesday, reaching towards the critical 1.28 handle.

Bitcoin initially tried to rally during the day on Tuesday but then broke down a bit again.

The Australian dollar initially tried to rally during the trading session on Tuesday as the market continues to see a lot of resistance above.