Forex Daily Forecast, Analysis and Prediction

The S&P 500 broke down significantly during the trading session on Tuesday, showing quite a bit of negativity.

Gold markets went back and forth during erratic trading on Tuesday, as the market continues to try to defy gravity.

USDJPY: Bearish break below 107.00

NZDUSD analysis: Bulls in danger at key 0.6650 / 0.6700 zone

AUDUSD analysis: Bulls pushing price up towards key 0.7000 area

Bitcoin: Strong bullish breakout beyond $10k continues

Despite six consecutive trading sessions where the GBP/USD managed to achieve bullish correction reaching the resistance level of 1.2765

A stronger bearish momentum ahead for the USD/JPY pair, and therefore, tested support level of 106.77, the lowest in more than five months ahead of Powell's comments.

Since the beginning of this week's trading, the EUR/USD pair is continuing making gains, reaching towards the 1.1411 resistance level at the time of writing, the highest level in three months.

Continuing global trade and political tensions along with the falling US dollar means further gains for gold prices, which reached the resistance level of $ 1439 an ounce in early trading

USDCAD: Bearish consolidation below 1.3225

USDCHF Analysis: Strong Franc making new multi-month highs

GBPUSD: Short-term bullish above 1.2760

EURUSD: Bullish break to new 3-month high price

The EUR/USD pair has rallied a bit during the trading session on Monday to kick off the week, as we extend the run above the 200 day EMA.