Forex Daily Forecast, Analysis and Prediction

Gold markets have initially tried to rally during the trading session, felt towards the trendline and then bounced again.

Silver: Bulls testing 1-year high above $16.50

NZDUSD: Bearish below 0.6700

AUDUSD: Back below 0.7000

USDJPY: Weakly bullish above 108.00

The bitcoin market drifted a bit lower during the trading session on Tuesday, looking very likely to try to find support underneath.

The WTI Crude Oil market went back and forth during the trading session on Tuesday, showing signs of neutrality as we can’t make a decision in one direction or another.

The S&P 500 rallied again during the trading session on Tuesday reaching towards the psychologically and structurally important 3000 handle.

Natural gas markets rallied initially during the trading session on Tuesday but sold off almost immediately.

The NASDAQ 100 has pulled back a bit during the trading session on Tuesday, seeing some type of support at the 7900 level, which of course is a large come around, psychologically significant figure and an area that was resistance in the past.

The British pound went back and forth during the trading session on Tuesday as we continue to see a lot of bearish pressure in the British pound.

The Australian dollar has fallen during the trading session on Tuesday, reaching down to the 0.70 level underneath, and at this point it’s likely that the round figure makes quite a bit of sense.

The Euro broke down significantly during the trading session on Tuesday, slicing through the 1.12 level which of course is an area that has attracted a lot of attention.

The US dollar rallied a bit during the trading session on Tuesday, breaking above the crucial ¥180 level, which I considered to be “fair value” when it comes to the recent consolidation area.

Gold markets continue to go back and forth, and Tuesday of course was no different.