Forex Daily Forecast, Analysis and Prediction

The US dollar fell a bit during the trading session on Tuesday, reaching below the ¥106 level.

For those of you that don’t know, this is typically one of the least exciting trading weeks of the year, as quite a few of the larger traders around the world are on awaited vacation.

The NASDAQ 100 tried to rally during the trading session on Tuesday but found a lot of resistance above the 7600 level.

Gold markets are very likely to continue going higher given enough time, because although we ended up forming a massive shooting star during the Monday session, we have seen the market continue to try to grind to the upside.

The beginning of this week's trading was positive for the EUR / USD as it moved towards the 1.1163 resistance.

The latest activity of new British Prime Minister Boris Johnson renewed optimism about the future of Brexit.

old price holding at the $1500 psychological peak, will continue to be a strong supporter of the yellow metal to move towards stronger record highs

Ahead of the release of important US consumer confidence figures, USD / JPY remains unable to avoid losses.

Silver: New 18-month highs above $17.69

NZDUSD: Bearish price channel still holding

AUDUSD: Weakly bearish situation persists

USDJPY: Support at 105.66 survives so far

Bitcoin: Consolidating triangle

The US dollar has initially plunged lower during the trading session on Monday, as traders reacted to the new tariffs imposed on the Chinese by the Americans after the markets closed on Friday.

The British pound initially tried to rally during the session on Monday, but as you can see has rolled over to show signs of weakness.