Forex Daily Forecast, Analysis and Prediction

The Australian dollar went back and forth during the trading session on Tuesday, slicing around the 0.6850 level.

The Euro continues the chop around without any type of direction, as per usual.

In the United States, there is a long running joke when the stock market suddenly rally based upon liquidity that “everything is awesome”, which is a reference to the song out of the Lego movie.

The British pound went back and forth during the trading session on Tuesday, as we continue to see volatility everywhere.

Natural gas markets initially tried to rally during the trading session on Tuesday, breaking towards the $2.65 level before finding selling again.

As this currency pair is approaching its 61.8 Fibonacci Retracement Fan Support Level, bearish momentum started to decrease.

Gold markets have fallen during the trading session on Tuesday, to break below the $1500 level.

USDCAD: Bearish below 1.3192

USDCHF Analysis: Bullish above 0.9946

GBPUSD: Bullish consolidation above 1.2300

EURUSD: Consolidation above 1.1021

Since the beginning of this week’s trading, the performance of the EUR / USD pair, as we expected, was in a limited range.

The price of gold today succeeded in confirming the break of the uptrend which lasted for 17 consecutive trading sessions.

With the announcement of the results of the UK's GDP growth and manufacturing output, we have noticed negligence from the GBP / USD performance, as the Brexit developments are the most influential on the GBP trends.

For the fifth day in a row, USD / JPY continues the upward correction with gains reaching the 107.50 resistance level recorded at the time of writing, the highest in a month.