Forex Daily Forecast, Analysis and Prediction

The trading sessions for WTI Crude Oil and Brent markets have shown some strength, yet they remain confined within consolidation areas that have persisted for some time.

Gold markets experienced significant negative pressure during Tuesday's trading session, with the market testing the important $1950 level.

The EUR/USD found a semblance of stability on Tuesday, exhibiting a recovery after an initial decline.

The AUD/USD experienced a slight decline during Tuesday's trading session, highlighting a steady trend of support at the 0.66 level.

My previous BTC/USD signal on 15th May was not triggered, as there was no bearish price action when the resistance level identified at $27,316 was first reached.

The GBP/USD exchange rate was little changed after the relatively encouraging economic data from the United States and the UK.

The EUR/USD pair retreated to the important support level of 1.0760, the lowest point last week.

The AUD/USD pair dropped as concerns about the US debt ceiling issue and as traders waited for the upcoming Fed minutes.

The EUR/USD correction from year-to-date highs appears to have faded in recent trade, leaving intact support levels just below the market on the charts.

The continued gains of the US dollar, with momentum from expectations of raising US interest rates, is a negative factor for the XAU/USD gold price.

The GBP/USD exchange rate rose before last weekend to the level of 1.2485.

The sharp contrast between the policy of the Japanese central bank, which adopts an accommodative policy to stimulate the Japanese economy

The Turkish lira continued its losses against the dollar, as the lira records daily declines in what appears to be a free fall.

The past few days of trading have seen the USD/CAD trade mostly within a price range of 1.34700 to 1.35250 with brief outliers.

After falling to a low of nearly 0.62050 on Tuesday of last week, the NZD/USD is currently traversing around the 0.62700 as of this writing.