Forex Daily Forecast, Analysis and Prediction

USDCHF Analysis: Weakly bullish above 0.9841

GBPUSD: Pound weakens as new pro-Brexit administration imminent

EURUSD: Weakly bearish below 1.1317

The Euro initially fell a bit during the trading session on Tuesday but then turned around to rally from the 50 day EMA to reach above the 1.13 level.

The S&P 500 went back and forth during the trading session on Tuesday, as we continue to try to figure out where we're going next.

The British pound broke down significantly during the trading session as Mark Carney spoke.

The WTI Crude Oil market broke down significantly during the trading session on Tuesday, slicing below the 50 day EMA.

Gold markets rallied significantly during the Tuesday session, slicing through the $1400 level which of course is a psychologically significant figure.

The US dollar fell rather hard during the trading session on Tuesday, filling the gap against the Japanese yen.

The Australian dollar has rallied quite nicely during the trading session on Tuesday, using the 0.6950 region as support.

Natural gas markets tried to rally significantly during the trading session on Tuesday, but then pulled back to find selling pressure yet again.

The bitcoin markets initially fell during the trading session on Tuesday but found enough support at the previous uptrend line from the top of the channel to turn things around.

The Nasdaq market fell initially during the trading session on Tuesday but turned around to show signs of strength again

We mentioned in the previous technical analysis that the bullish correction for the pair is still weak and is expected to decline again if the Euro does not find stronger catalysts.

The price of the yellow metal had the worst performance in a year, as the price fell to the level of support at $1382 per ounce from the resistance level of $1424 and stabled around 1392 at the time of writing