Forex Daily Forecast, Analysis and Prediction

I recognize that bitcoin has been building up a bit of support just above the $60,000 level.

We may be seeing a bearish head and shoulders pattern threatening the support at $1.2600.

The EUR/USD exchange rate rose after the French election and then reversed gains as investors assessed enduring political risks in the country.

Bitcoin price continued its recovery on Tuesday as investors continued to buy the dip.

The AUD/USD exchange rate wavered after the Reserve Bank of Australia (RBA) published minutes of the last monetary policy meeting.

USD/TRY trading volumes declined at the end of last week, with the Turkish lira rising from its all-time low against the dollar following positive reports released over the weekend.

The Japanese yen fell to around 161 yen per US dollar, breaking through this level for the first time since 1986, as the Ministry of Finance appointed Atsushi Mimura as Japan’s top currency diplomat, replacing Masato Kanda.

At the beginning of this week’s trading, with the US dollar’s gains halted slightly, the GBP/USD price is moving around 1.2685 at the time of writing.

EUR/USD jumped to the resistance level of 1.0767 at the time of writing this analysis.

Gold prices are hovering around the $2325 per ounce level as investors continue to assess the latest US inflation data.

The Dax asset looks as if it continues to consolidate just above a significant amount of support.

We are seeing a lot of noisy behavior and I think at this point we are just simply trying to sort out whether or not we are going to have more risk taking or more risk aversion in the markets.

In today’s Nasdaq 100 analysis you can see that there is a lot of like noisy behavior.

The gap lower has been delivered on the heels of South Africa announcing that coalition political parties have formally agreed to minister posts.

USD/MXN remains nervous due to changing sentiment from Mexico's aggressive Morena party.