Forex Daily Forecast, Analysis and Prediction

Ahead of the three most important events for this week, the GBP/USD price fell to the 1.2975 support.

The frequency of losses for the EUR/USD stopped at the 1.1000 psychological support and did not exceed 1.0997.

The US dollar has rallied a bit during the trading session on Tuesday, reaching towards the 50 day EMA during the end of the session.

The S&P 500 has rallied quite nicely during the trading session on Tuesday.

The NASDAQ 100 rallied significantly during the trading session on Tuesday, and even went as high as to fill the gap from the Monday open.

The Euro has initially fallen during the trading session on Tuesday, crashing into the 1.10 level yet again which has been reliable support for some time.

The British pound broke down significantly during the trading session initially on Tuesday, slicing through the 1.30 level.

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