Forex Daily Forecast, Analysis and Prediction

USDCHF Analysis: Topping out near 0.9946?

GBPUSD: Consolidation 1.2252 / 1.2393

EURUSD: Bears still face 1.1000 obstacle

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

On the daily chart, and for three trading sessions in a row, the price of GBP / USD attempts to break above the 1.2384 resistance level to confirm the strength of the recent performance

As we expected from the beginning of this week, the EUR / USD will continue to move in a limited and narrow range, which occurred,

Ahead of the release of the first inflation indicators in the United States, the price of the USD / JPY is stabilizing bullishly around the 107.84 resistance level at the time of writing, its highest in five weeks.

Bitcoin, the largest and most influential cryptocurrency, is once again turning lower which has created the fourth lower high since June of this year.

Gold came under selling pressure after reaching a multi-year intra-day high of 1,556.74 which is marked by the red rectangle in the chart.

NZDUSD: Bullish consolidation above 0.6406

AUDUSD: Significant bullish break above 0.6850

USDJPY: Yet more bullish above 107.57

Bitcoin: Bearish below $10,140

The NASDAQ 100 has fallen during the trading session on Tuesday, reaching towards the 50 day EMA before turning around completely.

The West Texas Intermediate Crude market rallied significantly initially during the trading session on Tuesday, but has found the lot of resistance above the 200 day EMA.