Forex Daily Forecast, Analysis and Prediction

The USD/BRL closed its trading session on Tuesday near the 5.0355 level.

This is a new bearish trading week for the price path of the EUR/USD currency pair.

In recent technical analyses, amid a strong and sharp bullish momentum for the USD/JPY currency pair, it indicated that the technical indicators moved towards strong overbought levels.

The British pound recovered from broad-based US dollar weakness in the opening session of a shorter holiday week and reached some of its best levels against the euro since December.

For the second day in a row, XAU/USD gold price is trying to rebound to the upside to compensate for its recent sharp losses.

Nervous behavioral sentiment continues in the USD/SGD and the broad Forex market.

Possibly finding support at $0.6486.

Bitcoin price dropped slightly as concerns about the economy continued

The GBP/USD exchange rate moved sideways after the strong US consumer confidence and housing data.

The EUR/USD price is hovering near its lowest level since March 21st this year as more signs showed that the Federal Reserve could hike rates again in June.

The GBP/USD exchange rate displayed a significant rebound during Tuesday's trading session, benefiting from a decline in the US dollar.

During Tuesday's trading session, the US dollar experienced a pullback, possibly due to the pair's overstretched condition.

The Silver market initially experienced a decline during Tuesday's session but managed to find substantial support just above the 200-Day EMA.

The WTI Crude Oil market exhibited a volatile trading session on Tuesday, initially rallying before reversing and displaying erratic behavior.

The euro initially dipped below the 200-Day Exponential Moving Average (EMA) but has since shown signs of resurgence.