Forex Daily Forecast, Analysis and Prediction

The S&P 500 initially tried to rally during the New York trading session on Tuesday but it struggled above the 50 day EMA yet again.

The British pound had a very strong turnaround during the trading session on Tuesday, as we had initially broken down but have turned around to show signs of life again.

Bitcoin markets rallied slightly during the New York trading session on Tuesday as we continued to find more of a grind to the upside than anything else when it comes to Bitcoin.

NZDUSD: Slowly bearish below 0.6420

AUDUSD: Consolidation continues

USDJPY: Bulls fail again at 106.73

Bitcoin: Bulls fail at $10,921

USDCAD: Bullish above 1.3310

USDCHF Analysis: Weakly bullish above 0.9774

GBPUSD: Slightly bearish below 1.2140

EURUSD: Bearish below 1.1090

The West Texas Intermediate crude oil market has rallied quite nicely during the trading session on Monday, and even broke above the top of an inverted hammer from Friday.

The US dollar rallied significantly during the trading session on Monday, reaching towards the ¥107 level – it but continues to see sellers just above.

The S&P 500 rallied quite nicely during the trading session on Monday, reaching towards the 50-day EMA when traders finally went home.

Natural gas markets gapped lower to kick off the trading session on Monday, showing signs of negativity but then they turned around to show signs of resiliency as well.