Forex Daily Forecast, Analysis and Prediction

Bitcoin plunged during the early hours on Tuesday as we continue to see a lot of noisy behavior in this market.

The USD/CAD is actually trading within a lower price range than the one it occupied last week.

The NZD/USD has not been able to escape the nervousness being created within financial institutions

We continue to see the 11 NOK level offer resistance as the market has pulled back from there.

Silver has shown itself to be positive yet again during the trading session on Tuesday.

During the Tuesday session, we have seen the New Zealand dollar rally a bit during the day, as the ¥90 level continues to be important.

Euro traders have seen the currency rally a bit during the training session on Tuesday, across the board.

The Australian dollar against the Swiss franc is at a major resistance barrier.

Gold initially tried to rally during the trading session on Tuesday but has given back some of the gains as we continue to see the market stretched.

Bitcoin seems to have made a bearish top above $70,000.

The S&P 500 has kicked off the day on its back foot as we have fallen towards the 5200 level.

The GBP/USD exchange rate stabilized after a series of mixed economic data from the UK and after statements by Federal Reserve officials.

The EUR/USD rate drifted upwards on Tuesday even after some encouraging European inflation numbers.

The AUD/USD pair erased some of the losses made on Monday.

As the week commenced, the price of the USD/JPY currency pair surged to the resistance level of 151.77, with the yen nearing its lowest point in 34 years.