Forex Daily Forecast, Analysis and Prediction

The gold market underwent a minor retracement during Tuesday's trading session but exhibited its characteristic resilience.

The EUR/USD exhibited a degree of upward momentum during the trading session on Tuesday, indicating a potential intention to challenge the psychologically significant 1.10 level situated above.

Ethereum showed signs of an upward trend early in the trading session on Tuesday.

Bitcoin, a well-known digital currency, experienced a slight upturn in its value during Monday's trading session.

The AUD/USD price continued its spectacular comeback after the relatively hawkish Reserve Bank of Australia (RBA) minutes.

The BTC/USD price continued to consolidate as traders waited for the next catalyst and as others started taking profits.

The EUR/USD price rose for two straight days even after more positive economic data from Europe.

The USD/TRY stabilized during the early trading of the weekly trading, as it traded near its highest levels ever.

With the start of trading this week, gold prices XAU/USD rose to the resistance level of $2,033 per ounce despite the strength of the US dollar and gains in US Treasury yields.

Today, all currencies against the Japanese yen will be in a waiting mode for the Japanese Central Bank to announce an update on its monetary policy.

The Euro to Dollar “EUR/USD” showed the potential for a 2.34% advance last week but ultimately failed at a key level, closing the week with a gain of 1.25%.

The British pound price enters the new week's trading with some positive technical momentum that makes it appear stronger against both the euro and the dollar currencies.

The USD/BRL traded lower last week, but the ability to move back to durable support levels may feel rather unnerving to speculators if they have been overly ambitious.

The USD/SGD has experienced a rather tight price range the past two days of trading, this after diving lower in the wake of the U.S Federal Reserve’s FOMC Statement last Wednesday.

On Monday, Bitcoin experienced a slight decrease in its trading value, testing the 20-day EMA indicator and the significant $40,000 level.