Forex Daily Forecast, Analysis and Prediction

My previous BTC/USD signal on 27th March produced a nicely profitable longer-term long trade from the bullish pin bar’s rejection of the support level which I had identified at $26,687.

The USD/JPY is facing a crucial time in the forex market as it pulled back to reach the 200-Day EMA, a significant technical indicator.

The S&P 500 has shown some strength in the early hours of Tuesday, but resistance is likely to be an ongoing issue as we reach an area that has caused some problems recently.

Silver rallied slightly during the early hours of Tuesday, sitting just above the psychologically important $25 level.

The GBP/USD has rallied during Tuesday's trading session, breaking back above the 1.24 level and looking towards the same range it had been in previously.

The AUD/USD rallied during Tuesday's trading session to reach the 50-Day EMA, but it is worth noting that there is significant resistance above that could come into play.

The natural gas market appeared to be in a state of limbo during Tuesday's trading session as the search for a short-term bottom continues.

The gold markets were relatively calm during Tuesday's trading session as prices hovered around the $2,000 level, which is a significant psychological threshold.

On Tuesday, the EUR/USD experienced a minor rally as the market attempted to break above the psychological level of 1.10.

WTI Crude Oil (US Oil) and Brent, two major oil benchmarks, have experienced limited activity recently with WTI facing a downturn and Brent looking likely to fill the gap underneath.

The GBP/JPY has been making waves in the forex market as it reaches the ¥167 level, an area that has previously been difficult to break.

EUR/USD ran aground after a one-month rally and may now consolidate its recent gains this week, but with potential buyers already lining up the decline.

The GBP/USD exchange rate has retreated rapidly from its eleven-month highs before last weekend but could fall further this week if the pending deluge of UK economic data calls into question some common assumptions about the interest rate outlook.

For three consecutive trading sessions, the price of the USD/JPY currency pair has been moving in the midst of a rebound to the upside.

I have often mentioned the possibility of profit-taking selling of the XAU/USD (gold) price after its recent strong gains on the impact of the weakness of the US dollar, reaching the resistance level of $2048 an ounce.