Forex Daily Forecast, Analysis and Prediction

The US dollar initially tried to fall against the Swiss franc, but on Tuesday we have seen buyers come back into the market and support the green bank.

$1.0875 looks likely to be today’s pivotal point.

Taking a look at the DAX, you can see that the German index initially tried to rally during the trading session on Tuesday.

The British Pound started to rally against the Swiss Franc but has since given back gains.

The GBP/USD pair made a bearish breakout as the US dollar strength resumed.

Bitcoin’s sell-off continued this week as demand continued waning.

This week, the AUD/USD pair formed a small double-top pattern at 0.6612.

The general trend for the USD/JPY pair is still upward.

The pound sterling is still holding up well against the recent gains of the US dollar.

The euro/dollar exchange rate “EUR/USD” looks vulnerable to further declines in the coming days.

Since the start of trading this week, the price of gold XAU/USD has been on an upward trajectory.

The USD/SGD has sold off in early trading this morning and the currency pair is now traversing around the 1.33925 ratio.

The USD/BRL gapped higher on its opening yesterday and essentially began trading near the 4.9500 level.

The Euro tried to rally initially during the trading session on Monday but hasn’t gotten any strength out of this.

You can see the Nasdaq 100 initially rallied just a bit during the trading session on Monday.