Forex Daily Forecast, Analysis and Prediction

AUDUSD: Price falls to new 10-year low at 0.6677

USDJPY: Resistance at 106.73 holding

Bitcoin: Sold above $12,000

The Euro went back and forth during the trading session on Tuesday, showing signs of exhaustion, breaking above the 50 day EMA but then turning around to form some type of shooting star.

The British pound rallied a bit during the trading session on Tuesday, reaching towards the 1.22 level before pulling back to form a very negative sign.

The US dollar has been very volatile against the Mexican peso over the last 24 hours, as we had reached towards the 19.75 pesos level before pulling back.

The US dollar has had a very erratic trading session against the Japanese yen during the trading session on Tuesday, initially falling as the United States labeled the Chinese “currency manipulators”, which sent the Asian session on fire.

The S&P 500 cratered initially during the trading session on Tuesday as the Americans announced that that they were labeling the Chinese as “currency manipulators”, and that of course is a very bearish turn of events.

The WTI Crude Oil market initially tried to rally during the trading session on Tuesday but then gave back the gains above the $55 level.

The Australian dollar rallied initially during the trading session on Tuesday, slamming into the 0.68 level above, which of course is a large, round, psychologically significant figure.

USDCAD: Bullish breakout beyond 1.3250

USDCHF Analysis: Slightly more bullish as 0.9700 holds

GBPUSD: Bearish below 1.2092

EURUSD: Bullish break above 1.1200 area

The NASDAQ 100 has broken down significantly during the trading session on Tuesday as it was announced that the Americans were labeling the Chinese as “currency manipulators”, which of course is an increase in the trade tensions.