Forex Daily Forecast, Analysis and Prediction

The price of a gold ounce is cautiously awaiting the monetary policy updates of the US Central Bank today, stabilizing around the $1396 resistance, with losses during yesterday's session reaching $1385 an ounce

For the fourth day in a row, the USD / JPY pair moved up towards the 108.98 resistance level the time of writing, the highest level in one month.

NZDUSD: Strong bullish rejection of 0.6590

AUDUSD: Bullish reversal from 0.6900?

USDJPY: Bullish above 108.63

Bitcoin: Bullish trend continues

The EUR/USD pair initially felt towards the 61.8% Fibonacci retracement level during the day on Tuesday but then turned around to show signs of life again as the 1.12 level has shown itself to be supportive.

The British pound has broken down during the trading session on Tuesday, slicing through the 1.25 handle.

The US dollar initially tried to rally against the Mexican peso on Tuesday but did give back a bit of the gains rather quickly.

The S&P 500 initially fell during the trading session on Tuesday but did find enough buyers underneath at the 2965 level to turn things around.

The Australian dollar broke down during the day on Tuesday, slicing through the bottom of the inverted hammer from the Monday session.

Crude oil markets did very little during the trading session on Tuesday as we continue to dawdle around the 50 day EMA.

The NASDAQ 100 fell initially during trading on Tuesday, reaching down to the 7750 level before turning back around and rallying quite nicely.

Natural gas markets initially broke down during the trading session on Tuesday as per usual, as this market has been very bearish for the longest time.

Looking at the US dollar, you can see that we were rather bullish to kick off the trading session on Tuesday but haven’t ran into a significant amount of resistance above the ¥108 level.